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APRA plans to remove 'unnecessary obstacles' for longevity products

ANDREW MCKEAN  |  THURSDAY, 12 JUN 2025
APRA has proposed changes to its prudential framework for annuities, committing to removing unnecessary obstacles to the development of more "innovative" and "competitively priced" longevity products. The regulator identified two issues with its existing ...

ASIC puts 18 finfluencers on notice amid global campaign

JAMIE WILLIAMSON  |  THURSDAY, 12 JUN 2025
Eighteen finfluencers have received warnings from ASIC for promoting high-risk products and providing unlicensed financial advice. The warnings were part of a Global Week of Action Against Unlawful Finfluencers, which saw ASIC participate in a coordinated ...

Aussies feeling FOMO on private markets: Survey

MATTHEW WAI  |  THURSDAY, 12 JUN 2025
Investors are afraid of missing out on opportunities in private markets, but many are hesitant about the asset class for one reason. Natixis Investment Managers' survey of over 7000 investors around the world found that a third (32%) of Australian ...

Treasury welcomes new leader

MATTHEW WAI  |  WEDNESDAY, 11 JUN 2025
... implement our economic agenda." Chalmers also thanked Kennedy for his service. "I'm so grateful to Steven Kennedy for our very close and effective partnership over the past three years, for his friendship over a much longer period, for his service to ...

State Street's plan for power, product, partnerships

ANDREW MCKEAN  |  TUESDAY, 10 JUN 2025
... the primary goal, he said, is to deliver the investment objectives clients are looking for, whether that's a return as close as possible to the index or a risk-adjusted return. While that's a bedrock, full-service asset managers must be "wider ...

Iress' superannuation consulting business changes hands

ANDREW MCKEAN  |  TUESDAY, 10 JUN 2025
... integrating a talented group into its operating model. Novigi said the acquisition was another significant step forward in the close collaboration between the two firms. Apex appointed Novigi as a data and technology partner in July last year in a bid ...

Lower interest rates conducive for bigger risk appetite, small caps

KARREN VERGARA  |  FRIDAY, 6 JUN 2025
As interest rates continue to fall, small caps are poised to reap from the current macroeconomic backdrop and investors increasing their appetite for more risk, a fund manager says. Janus Henderson portfolio manager Nick Sheridan predicts the tide is ...

ECB drops interest rates by 0.25%

KARREN VERGARA  |  FRIDAY, 6 JUN 2025
... price and wage pressures is generally continuing. Twelve-month CPI inflation fell to 2.6% in March from 2.8% in February, close to expectations in the February Monetary Policy Report," the BOE said.

AIOFP, FAAA encouraged by first meeting with Mulino

KARREN VERGARA  |  FRIDAY, 6 JUN 2025
Following their inaugural meeting with new financial services minister Daniel Mulino, the Association of Independently Owned Financial Professionals (AIOFP) and Financial Advice Association Australia (FAAA) feel enthused about the impact he will have ...

Syfe plots major Australian expansion

JAMIE WILLIAMSON  |  THURSDAY, 5 JUN 2025
... model" which supports customers and financial advisers, including self-managed super capabilities. It said it wants to help close the advice gap, offering services to more of the 12 million Australians estimated to hold over $100,000 in investable assets ...