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Sequoia abandons InterPrac sale

KARREN VERGARA | FRIDAY, 1 MAY 2026

Following ASIC's concerns over the transaction, Sequoia Financial Group tore up the agreement to sell InterPrac Financial Planning to Conquest Investment Partners, saying the two parties failed to satisfy all the conditions within the required timeframe. ...

M&A is not a 'scattergun' approach: AZ NGA

MATTHEW WAI | FRIDAY, 1 MAY 2026

Since completing its first-ever deal over a decade ago, AZ NGA has completed more than 200 transactions but each of them carries the same purpose to scaling the advice platform, which isn't a "scattergun" approach, AZ NGA group chief executive Paul ...

Australia's economic growth lays far beyond capitals

MATTHEW WAI | FRIDAY, 1 MAY 2026

While Australia is often viewed as a collective economy, an expert said each city and state can possess a wide range of different opportunities and characteristics for future growth. Speaking to Financial Standard, Wingate Group co-head of private wealth ...

ASX announces interim chief executive

VINNY VUCAGO | THURSDAY, 30 APR 2026

ASX has appointed group executive markets and listings Darren Yip as interim chief executive, as the exchange continues its search for a permanent leader. Yip will assume the role, effective May 29, following the earlier announcement that chief executive ...

Macquarie sells stake in US utility provider

RIDDHIMA TALWANI | TUESDAY, 28 APR 2026

As part of a consortium, Macquarie Asset Management is selling its stake in Cleco, an electricity utility firm in the US, to Stonepeak and Bernhard Capital Partners. The consortium includes Macquarie Asset Management, British Columbia Investment Management ...

'Beware the predictions of political experts': UniSuper

ELIZA BAVIN | TUESDAY, 28 APR 2026

... p.a. That's a big drop when you think about the compounding impact of that. And that's just 10 days," he said. "We know it's impossible to predict when those 10 days are going to happen. They happen often at the most unlikely of times. And ...

IFM Investors makes $7bn bid for Atlas Arteria

ELIZA BAVIN | TUESDAY, 28 APR 2026

IFM Investors has launched a hostile takeover bid for Atlas Arteria, valuing the toll road operator at around $7 billion. The bid was launched by Diamond Infraco 1, a wholly owned subsidiary of the IFM Global Infrastructure Fund, which already holds ...

Cbus calls for mandatory insurance warnings

ELIZA BAVIN | TUESDAY, 28 APR 2026

... due to the DOE. "Had these members been with almost any other fund they would have received nothing," Garcia said. "And we know this disproportionately impacts younger workers - almost one in three of these claims are for members under the age of 30. ...

HESTA snags TelstraSuper investment leader

MATTHEW WAI | FRIDAY, 24 APR 2026

HESTA has appointed a new head of portfolio design, hiring TelstraSuper's acting chief investment officer. Kate Misic will join HESTA in the role on June 15. The role was vacated by Dianne Sandoval when she departed the fund in December 2025. She ...

Government aims to 're-make' NDIS, redirect funding to aged care

MATTHEW WAI | THURSDAY, 23 APR 2026

... aged care, while returning the rebate on the same level paid by everyone. Dementia Australia welcomed the announcement. "We know that people living with dementia are disproportionally impacted when demand for limited care places is high," Dementia Australia ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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