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Lorica Partners, Multiforte Financial Services merge

RIDDHIMA TALWANI  |  WEDNESDAY, 1 OCT 2025
... companies under the Lorica Partners brand. Multiforte's clients will continue working with existing advisers for the next 12 months, as the staff transition into the Lorica structure under existing roles and responsibilities. Multiforte's co-founder ...

Super complaints decline year-on-year: AFCA

ELIZA BAVIN  |  WEDNESDAY, 1 OCT 2025
... against each fund was largely in line with their membership size, with AustralianSuper receiving the most at 1183, HESTA was next in line with 540, followed by Australian Retirement Trust (ART) was next in line with 500, and Cbus with 328. The vast majority ...

3500 advisers at risk as deadline looms

JAMIE WILLIAMSON  |  TUESDAY, 30 SEP 2025
... specified courses in commercial law and taxation law to be able to provide tax (financial) advice to retail clients from next year. ASIC said some 1143 need to do this. ASIC is urging advisers to have their licensee ensure the FAR is updated on their ...

Super funds must improve reporting, audits: ASIC

JAMIE WILLIAMSON  |  TUESDAY, 30 SEP 2025
... standards." This is the first report of three that ASIC will release in relation to financial reporting and audit quality. The next report, to be released in October, will focus on auditor independence.

Australian Unity picks new chief executive

RIDDHIMA TALWANI  |  MONDAY, 29 SEP 2025
Australian Unity has appointed Kelly Bayer Rosmarin as the next group managing director and chief executive, succeeding Rohan Mead who will retire in December. Rosmarin will commence in the new role from 15 December 2025 after completion of the transition ...

CSLR publishes paid claims details

JAMIE WILLIAMSON  |  FRIDAY, 26 SEP 2025
The Compensation Scheme of Last Resort (CSLR) has made 551 payments totalling $54 million since it began operating, some 291 of which were made in relation to Dixon Advisory. The overwhelming majority of payments relate to personal financial advice ...

Feature: Digital advice | Sleeping giant

KARREN VERGARA  |  FRIDAY, 26 SEP 2025
... manual phone calls out to follow up on things, so that, therefore the interaction is done digitally". Once that is set up, the next step is automating and speeding up time to implementation. "We know that clients will have two to three meetings, and ...

Equip Super appoints chief risk officer

ANGELIQUE MINAS  |  FRIDAY, 26 SEP 2025
... Cheong described taking on her new role as a privilege. "I'm excited to build on our strong foundations and lead the next phase of our journey in further maturing our risk culture to deliver the best outcomes for our members," she said.

Crypto providers to hold AFSL under proposed laws

MATTHEW WAI  |  THURSDAY, 25 SEP 2025
... world leader in digital assets, which are an important part of Australia's digital economy." "This draft legislation is the next step as the Albanese government delivers a framework that creates certainty for industry and keeps Australians safe and secure." ...

Macquarie to pay Shield victims in full

JAMIE WILLIAMSON  |  THURSDAY, 25 SEP 2025
... equate to 100% of the net capital each client originally invested in Shield. It confirmed investors would receive payment by next week. Financial Standard understands payments started going out this morning. In all, Macquarie oversaw about $321 million ...