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GDP rise is 'good news that's actually bad news'

ELIZA BAVIN  |  WEDNESDAY, 4 MAR 2026
... growth," ABS head of national account Grace Kim said. "GDP per capita increased for the fourth consecutive quarter and is now 0.9% higher than a year ago, the highest through the year growth since December quarter 2022." Deloitte Access Economics partner ...

AFCA membership extended for Shield, First Guardian-linked firms

KARREN VERGARA  |  WEDNESDAY, 4 MAR 2026
... complaints have been lodged with AFCA to date. "While AFCA may consider further membership decisions in the future, AFCA will, for now, not expel these firms. Any future changes to membership end dates or complaint deadlines will be communicated clearly ...

AFM, PGIM announce exit from Qld retirement village developer

MATTHEW WAI  |  WEDNESDAY, 4 MAR 2026
... capital. The PGIM investment was made on behalf of PGIM's flagship Asia Pacific Value-Add (AVP) real estate strategy. Aura has now completed a transaction with an institutional capital partner to provide equity funding for the next stage of growth and ...

Vanguard launches three new funds

ELIZA BAVIN  |  WEDNESDAY, 4 MAR 2026
... of 0.07% p.a. and 0.09% p.a. respectively, while the unlisted managed fund has a management fee of 0.16% p.a. The ETFs are now available for purchase on the ASX, while the unlisted managed fund can be accessed via Vanguard's Personal Investor platform. ...

Vanguard pays $40m in ESG antitrust lawsuit

JAMIE WILLIAMSON  |  TUESDAY, 3 MAR 2026
... of anti-competitive trade practices. Last year, the fund managers were unsuccessful in attempts to have the case dismissed. Now, Vanguard has decided to settle, paying $41.6 million (US$29.5m) and agreeing to bolster its passive investment approach. ...

Financial services' gender pay gap improves at 21.4%

KARREN VERGARA  |  TUESDAY, 3 MAR 2026
... fairness and equality and led to deeper engagement from the C-suite and board," she said. "Results since 2024 show more employers now analyse how managers recruit employees, decide their pay and performance bonuses and determine promotions. Many are ...

TAL to create Pathways for simpler mental health claims

MATTHEW WAI  |  TUESDAY, 3 MAR 2026
... assess customer's individual circumstances from a report last year. Despite the Council of Australian Life Insurers (CALI) is now developing an industry action plan to address the exacerbating issue, DHCRC chief executive Annette Schmeide said the wait ...

MLC completes full Retirement Boost rollout for advisers

RIDDHIMA TALWANI  |  MONDAY, 2 MAR 2026
... last year. It had soft launched the product's saving phase in August in partnership with TAL and Challenger. Advisers can now recommend MLC Retirement Boost as a complete solution, including the retirement and savings income phases, to their clients. ...

New SMC campaign to help Aussies care for 'golden super goose'

RIDDHIMA TALWANI  |  MONDAY, 2 MAR 2026
... returns. "Super works best when people understand it and nurture it. Helping more young Australians look after their super now means more security and dignity for them later in life," Schubert said.

AFCA reveals outcome of final lead decision

MATTHEW WAI  |  MONDAY, 2 MAR 2026
... complainant claimed that UGC failed to provide timely advice or proper instructions on how to sell the investments. Both firms are now in liquidation and did not respond to the complaint, AFCA said. Following a panel review, AFCA confirmed that Next ...