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Chalmers overhauls negative gearing, CGT discount

KARREN VERGARA | TUESDAY, 12 MAY 2026

... steps, Chalmers will consult with stakeholders on key details of the CGT reforms, including the treatment of early-stage and start-up businesses given the "unique features of the tech and start-up sector." He calculates the changes to support some 75,000 ...

Brighter Super, QIC Ventures invest in ProcurePro

KARREN VERGARA | TUESDAY, 12 MAY 2026

Brighter Super and QIC Ventures have backed ProcurePro, a digital procurement platform, boosting the startup's value to more than $100 million. The two parties helped raised $15 million via a Series B round in the hope of scaling the platform which ...

Product showcase: A guaranteed future

THE FINANCIAL STANDARD TEAM | MONDAY, 11 MAY 2026

The biggest risk to retirement may not be markets, but strategies that haven't kept pace with today's needs. For financial advisers who want to stay at the leading edge, Allianz Retire+ offers a compelling solution. Retirement income products ...

Bell Financial looks to diversify revenue, targets 'holistic' strategy

RIDDHIMA TALWANI | FRIDAY, 8 MAY 2026

... million. It had made an after-tax loss of $2.8 million. BFG co-chief executive Dean Davenport said: "We have made a strong start to the year which is pleasing. Our strategy to scale and diversify our revenue streams is positioning the business to perform ...

BNP Paribas expands APAC presence with new appointment

ELIZA BAVIN | THURSDAY, 7 MAY 2026

BNP Paribas has appointed Gary O'Brien as head of financial intermediaries and corporates (FI&C) client line for securities services in Asia Pacific, effective immediately. Based in Australia, O'Brien will report to Franck Dubois, head of Asia Pacific ...

Iress inks partnership to embed AI across platforms

RIDDHIMA TALWANI | THURSDAY, 7 MAY 2026

Iress will partner with global technology consultant Thoughtworks to modernise its core platforms through embedding artificial intelligence (AI) and enhancing the value of its proprietary data. The partnership will help design data-driven features that ...

RBA hikes rates, suggests more to come

ELIZA BAVIN | WEDNESDAY, 6 MAY 2026

The Reserve Bank of Australia (RBA) hiked interest rates by 0.25% at the May meeting, bringing the official cash rate to 4.35%. This hike has now fully reversed the 75bps of cuts delivered last year and the cash rate is now in-line with its peak during ...

Openmarkets makes private wealth play

JAMIE WILLIAMSON | TUESDAY, 5 MAY 2026

Openmarkets is expanding into private wealth, with plans to attract 50 financial advisers over the next three years. Openmarkets' private wealth advisory has onboarded several new advisers across Australia in the past 12 months as part of a strategic ...

FEATURE: Fixed income | Adjusting the lens

PENNY PRYOR | TUESDAY, 5 MAY 2026

... before the most recent shock, there was already a question mark over some elevated tail risks in the system. "Even at the start the year, credit was relatively tight in valuation terms, and in our view, not overly compensating you for some of these risks," ...

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

MATTHEW WAI | FRIDAY, 1 MAY 2026

... this approach... that for me is the big thematic in the industry currently." The group kicked off the year with a strong start, acquiring a Tasmanian advice business and plotting a regional advice hub through strategic partnerships in NSW. More recently ...

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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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