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HNWs, retirees key battlegrounds for platforms: SuitabilityHub

KARREN VERGARA  |  MONDAY, 16 FEB 2026
The race to deliver the best solutions for financial advisers catering to the high-net-worth (HNW) and retiree segments will set platform providers apart, according to SuitabilityHub. The annual Platform Market Wrap Report revealed HNWs are the "strategic ...

FES Super to no longer supplement returns in default

JAMIE WILLIAMSON  |  FRIDAY, 13 FEB 2026
... reserve and smoothing returns "could lead to inequities where the members who contribute to the reserve in a windfall year may not obtain the benefits of smoothing in later years when there is a market shock." It added: "Reducing the investment return ...

Virgin Money Super increases administration fees

MATTHEW WAI  |  FRIDAY, 13 FEB 2026
... other administration costs will also be increased from 0.002% to 0.03%, the cost is deducted from the member reserve and is not charged directly from a member's account, so the change "will not impact the balance of your account." The trustee currently ...

Senate questions APRA's role in Shield, First Guardian disaster

KARREN VERGARA  |  FRIDAY, 13 FEB 2026
... chain of involvement in the Shield and First Guardian situation that APRA has the power to regulate." "To be clear, APRA does not regulate and could not have regulated Shield and First Guardian, which were managed investment schemes subject to regulation ...

GQG reports increased FUM despite $5.5bn outflows

ELIZA BAVIN  |  FRIDAY, 13 FEB 2026
... January 2026 reporting outflows for the month of $5.94 billion (US$4.3bn), more than the year to 31 December 2025. GQG did not provide an explanation for the outflows in its monthly update, however Morgan Stanley downgraded the asset manager, pointing ...

UniSuper adds five to its investment ranks

ELIZABETH FRY  |  THURSDAY, 12 FEB 2026
... Playfair Asset Management, where he spent two and a half years as joint chief investment officer. Interestingly, Himpoo was not the only former UniSuper investment executive to surface at Playfair. The fund's former head of Australian equities, Simon ...

Legalsuper makes additions to leadership team

JAMIE WILLIAMSON  |  THURSDAY, 12 FEB 2026
... 2023 and is responsible for technology, operations, insurance, line 1 risk and projects. The fund's executive team has not had a chief operating officer role for more than two years, following the departure of Trevin Erichsen in mid-2023 after less ...

Division 296 bill tabled, suggested reforms fall on 'deaf ears'

MATTHEW WAI  |  THURSDAY, 12 FEB 2026
... reduces competition and rewards union aligned industry funds," O'Brien said. "Labor has bundled together these various measures not because it makes good policy sense but because it suits Labor politically." "The coalition understands this instinctively. ...

Madigan Capital chair retires, transfers shares to co-owner

MATTHEW WAI  |  THURSDAY, 12 FEB 2026
... increased its ownership in the firm after acquiring 50% stake in Madigan Capital in 2020. While details of the transaction were not disclosed, the additional stake deepens CC Real's long-term commitment to supporting the business, the business said. ...

ASIC inquiry an 'inflection' point for ASX: Lofthouse

MATTHEW WAI  |  THURSDAY, 12 FEB 2026
... significant uplift in customer engagement and delivery of product and service enhancements for the market. "But this execution has not been consistent for all parts of our strategy. Best practices for risk management and resilience are continually maturing ...