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Northern Trust selected to test tokenised asset uses

ELIZA BAVIN  |  THURSDAY, 10 JUL 2025
... similar nature to participants in earlier digital money projects led by the RBA. Testing of use cases will occur over the next six months, with a report on the findings from the project expected to be published in the first quarter of 2026. RBA assistant ...

ASIC bans advisers for dodgy Shield Master Fund advice

KARREN VERGARA  |  WEDNESDAY, 9 JUL 2025
... Planning, between July 2023 and January 2024. ASIC said it was aware authorised representatives from Interprac Financial and Next Generation Advice recommended clients move their money to Shield. McQueen's ban took effect on June 14. ASIC said it understands ...

Instos committed to ESG despite lower advocacy: BNP Paribas

ELIZA BAVIN  |  WEDNESDAY, 9 JUL 2025
... is either going to continue or accelerate between now and 2030. The top three sustainability and ESG objectives over the next two years included increasing allocations to energy transition assets (49%), using active ownership to advance their own organisation's ...

AustralianSuper readies tech stack for Payday Super

JAMIE WILLIAMSON  |  TUESDAY, 8 JUL 2025
... contributions data matching. The agreement has an initial term of three years. "We are proud to partner with Wrkr on this next-generation digital platform for AustralianSuper. This partnership reflects MUFG Retirement Solutions' commitment to putting ...

Microsoft flips AI switch on for MUFG

MATTHEW WAI  |  TUESDAY, 8 JUL 2025
... recent investments in cloud modernisation for better preparation in services for superannuation and investor ahead of the "next wave of transformation". MPMS chief executive and managing director Vivek Bhatia said the collaboration will create smarter ...

Adviser exam pass rate drops once again

MATTHEW WAI  |  MONDAY, 7 JUL 2025
... underperformed. The pass rate was the lowest in recent exams; some 73.4% passed in the previous session held on March 6. The next exam will be held on August 7. The booking period has commenced and will close on July 25. To date, 21,991 individual candidates ...

Plenary adds to executive lineup

MATTHEW WAI  |  FRIDAY, 4 JUL 2025
... business and property pursuits in existing and new markets, and the team is perfectly positioned to lead the company through our next phase of growth." Lamming will remain as a member of the board, and as chair of both Plenary Middle East and Plenary's ...

Drummond Capital names new research head

ELIZABETH FRY  |  THURSDAY, 3 JUL 2025
... expand the range of solutions it offers to advice practices. Schubert said the firm will be making several new hires over the next two months and is currently recruiting investment analysts to expand its research coverage. "Adele's promotion is recognition ...

Improved economy not a guarantee of business success

MATTHEW WAI  |  THURSDAY, 3 JUL 2025
... confident the economy has passed its low point, this doesn't necessarily stretch to their own business performance over the next 12 months. Deloitte's biannual CFO Sentiment report gathers responses from more than 60 chief financial officers across Australia ...

Lack of confidence in US equities brings investors back home

MATTHEW WAI  |  THURSDAY, 3 JUL 2025
... Günhan continued. "They're looking for platforms that can support education, embed good habits early, and evolve with the next generation of investors. AI tools will play a key role, but only if they're transparent, trusted, and built for learning." ...