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Super funds to take stock of information security controls

JAMIE WILLIAMSON  |  TUESDAY, 10 JUN 2025
... CPS 234 Information Security. After some super funds were targeted by cybercriminals in April, the prudential regulator is now reminding trustees of its expectations regarding information security. APRA said the incident, which it referred to as 'credential ...

Regulators note advances in life insurers' practices

ANDREW MCKEAN  |  FRIDAY, 6 JUN 2025
... with a written or visual explanation - created a false perception of premium stability." However, all life companies have now adopted the new premium labels developed by the Council of Australian Life Insurers - 'variable premium' replaces 'level premium' ...

Lower interest rates conducive for bigger risk appetite, small caps

KARREN VERGARA  |  FRIDAY, 6 JUN 2025
... brethren. Looking at the top seven companies in the US, the "discrepancy is even wider." Most central banks around the world are now more dovish and find themselves in a global easing cycle. The European Central Bank (ECB) cut its interest rate to 2% ...

ECB drops interest rates by 0.25%

KARREN VERGARA  |  FRIDAY, 6 JUN 2025
... respectively from June 11. Inflation currently sits around the 2% medium-term target. Revising earlier estimates, the ECB now expects headline inflation to average 2% in 2025, 1.6% in 2026 and 2% in 2027. "The downward revisions compared with the March ...

Up to two million Aussies could face super tax: FSC

MATTHEW WAI  |  FRIDAY, 6 JUN 2025
... consumer confidence in Australia's retirement system by changing the goal posts on current and future retirees who, until now, have played by the rules," Briggs continued "The FSC is concerned that the absence of indexation is a deliberate and cynical ...

Netwealth chair to retire, successor appointed

ANDREW MCKEAN  |  THURSDAY, 5 JUN 2025
... Tuesday. Michael Wachtel, who spent nine years at the sovereign wealth fund, will take the reins. Netwealth said his appointment now is intended to "allow for an orderly transition." Wachtel had a 35-year career in the professional services industry ...

Alternatives high on the radar to escape Trump's tariffs: Fidante

MATTHEW WAI  |  THURSDAY, 5 JUN 2025
... capture alpha amid ongoing market volatility. Surveying 174 financial advisers, Findante found that four in 10 advisers are now bearish on both US equities and Australian equities, predominately due to the US President Donald Trump's rapid fire of tariffs. ...

Syfe plots major Australian expansion

JAMIE WILLIAMSON  |  THURSDAY, 5 JUN 2025
... million (US$53m) in support of its Australian strategy, the bulk of which will be immediately directed towards enhancing the now-rebranded Selfwealth by Syfe. It will also be used to increase its local team and develop new affordable and tech-enabled ...

Aged care reforms pushed to November

JAMIE WILLIAMSON  |  THURSDAY, 5 JUN 2025
... concerns that stakeholders weren't given enough time to prepare. The new legislation was due to commence from 1 July 2025. Now, it will be effective 1 November 2025. In addition to insufficient preparation time for stakeholders, the government still ...

HESTA turns the lights back on after service shutdown

ANDREW MCKEAN  |  WEDNESDAY, 4 JUN 2025
... than 45,000 members logged in to check their super balances through the fund's website and app. Members logging in can now view updated balances and update their personal details. They can also manage insurance cover and claims and switch investment ...