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| | | Netwealth has reported a $24.8 billion increase in total funds under administration (FUA), including a record $15.8 billion in FUA net flows. Total FUA at 30 June 2025 was at $112.8 billion, and increase of $8.7 billion for the quarter, including $3.8 ... |
| | | | ... pointed to the Australian Securities and Investments Commission (ASIC), which it said continues to modernise its registry system to improve data quality and accessibility. Other key characteristics include advanced online filing platforms, standardised ... |
| | | | ... employers, Wrkr said. Payday Super and Single Touch Payroll capabilities will be integrated, as will MUFG's core registry system to enable contributions data matching. The agreement has an initial term of three years. "We are proud to partner with Wrkr ... |
| | | | Insignia Financial has finalised the outsourcing of about 1300 staff who worked in the master trust business to SS&C Technologies after striking a deal in February. Last week, staff working in administration, technology and digital teams that support ... |
| | | | LGT Crestone has announced two senior promotions within its chief investment office, strengthening its asset allocation and capital markets leadership. Firstly, the private wealth firm has promoted Matthew Tan to head of asset allocation, acknowledging ... |
| | | | A former financial adviser is now banned for 10 years after she was found to have knowingly charged fees for no service. Kiriley Roper was a director, shareholder and adviser at Lighthouse Partners in Redcliffe, Queensland. ASIC alleges that between ... |
| | | | ... Under new the legislation, ASIC is primarily responsible for the licensing regime, while the RBA will oversee the financial system stability and supervise CS facilities licensees to reduce systemic risks. "The RBA now has powers to step in and promptly ... |
| | | | ASIC has provided AFSLs new reliefs to help them manage the reportable situations regime, which includes extending the length of investigations reportable from 30 days to 60 days. Also in the relief, ASIC is exempting the reporting of certain breaches ... |
| | | | ... million for some, will benefit from reduced or no mandatory medical requirements. There's also a new structured tiering system for Life, TPD, Trauma, Income Protection, and Business Expenses cover based on age and benefit amount, which ClearView ... |
| | | | ... was rated particularly high among superannuation trustees. Financial risks such as credit risk and market risk, financial system stability, and climate risk, received a critical and high-risk rating of 32%, 27%, and 21%, respectively. Additionally, 13% ... |
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