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Inflation 'uncomfortably high' as it rises to 3.8%

ELIZA BAVIN  |  WEDNESDAY, 28 JAN 2026
... favourable to the Reserve Bank of Australia (RBA) board, which will meet next week for its first interest rate decision of the new year. "Inflation remains uncomfortably higher than the RBA would like and while there was a modest pull-back in the previous ...

Blackwattle launches fund, mandates Equity Trustees

RIDDHIMA TALWANI  |  WEDNESDAY, 28 JAN 2026
Blackwattle Investment Partners has launched its new equity income fund, appointing Equity Trustees as responsible entity. The Blackwattle Equity Income Fund invests in listed Australian equities beyond traditional dividend-paying stocks, while also ...

Genetic testing ban may drive up insurance cost, premiums: FAAA

KARREN VERGARA  |  WEDNESDAY, 28 JAN 2026
... all Australians. In a submission, the association highlighted the potential "material impact on life insurance claims" the new legislation will have. The Treasury Laws Amendment (Genetic Testing Protections in Life Insurance and Other Measures) Bill ...

CareSuper makes sweeping insurance changes

ELIZA BAVIN  |  WEDNESDAY, 28 JAN 2026
... be chosen by members, ranging from 25% to 200% of the standard default cover amounts. The super fund is also introducing a new life event condition. This will allow members to increase their cover when they turn 30, 40 or 50 years old, in addition to ...

MLC Expand appoints product strategy lead

RIDDHIMA TALWANI  |  WEDNESDAY, 28 JAN 2026
... continue to enhance our wrap platform and deliver exceptional outcomes for advisers and their clients." Worrell started her new role this month. "I'm passionate about delivering products that empower financial advisers and their clients to achieve ...

AI, operational failures key regulatory risks for ASIC in 2026

RIDDHIMA TALWANI  |  TUESDAY, 27 JAN 2026
... ASIC noted. "Where a business is currently legitimately unregulated, it is ultimately for government to determine whether a new class of products or services should be brought within a licensing regime," it said. "At the same time, some entities will ...

Federated Hermes expands Asia presence

MATTHEW WAI  |  TUESDAY, 27 JAN 2026
... work even more closely with partners and clients on the ground, providing localised service and expertise." In line with the new location, Federated Hermes will focus its efforts on securing licensing approval from the Hong Kong Securities and Futures ...

'No benefit in switching super': AFCA finalises FSGA lead decision

RIDDHIMA TALWANI  |  TUESDAY, 27 JAN 2026
The Australian Financial Complaints Authority (AFCA) has determined inappropriate advice provided by Financial Services Group Australia (FSGA) led to one client's $200,000 financial loss. In December, AFCA said it received more than 1800 complainants ...

Openmarkets to merge, list on Nasdaq

ELIZA BAVIN  |  TUESDAY, 27 JAN 2026
... plans. "This transaction will provide a myriad of benefits to Openmarkets as we pursue our open finance strategy, opening up new sources of capital and onboarding new, strategically aligned investors whilst giving Openmarkets a US market presence," Jowett ...

Rodney Forrest handed prison sentence for $3m insider trading

ELIZA BAVIN  |  TUESDAY, 27 JAN 2026
... the market by creating and maintaining a level information playing field." ASIC said this marks the first outcome for its new specialist insider trading team which investigated and finalised the case within 16 months of the offending. ASIC said its market ...