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Quality over quantity: CareSuper on mergers

JAMIE WILLIAMSON  |  THURSDAY, 29 MAY 2025
... he's not looking to make a habit of it. On November 1, CareSuper and Spirit Super finalised their merger, creating what is now a $56 billion fund with more than 580,000 members, and taking on the heritage CareSuper brand. A few short weeks later ...

Greenwashing remains an enforcement priority: ASIC

MICHELLE BALTAZAR  |  THURSDAY, 29 MAY 2025
... and to support 'capacity building' in the sector. Under the current guidance, companies or reporting entities will now provide four reports to the regulator, namely its annual financial report, the directors report, the auditor's report and ...

BlackRock to list its first active ETF in Australia

MATTHEW WAI  |  THURSDAY, 29 MAY 2025
... the power of combining deep research, real-time data, and machine learning with BlackRock's active management expertise - now delivered in a convenient, cost-effective ETF wrapper," Hodges said. "This gives investors an accessible way to navigate shifting ...

ASIC sues former director of crypto platform owing nearly $60m

MATTHEW WAI  |  THURSDAY, 29 MAY 2025
... directors, Samuel Xue Lee and Zijang (Ryan) Xu, had since left the country, leaving Guo the only key figure remaining, who now also remains at large overseas.

Coalition names shadow treasurer, financial services minister

ANDREW MCKEAN  |  THURSDAY, 29 MAY 2025
... National Party leader David Littleproud thanked Ley for guiding the Coalition back to a position of unity and said the focus is now on Anthony Albanese. Littleproud said holding the Labor government to account is important to democracy, adding that "we've ...

COVID 'masked' issues at core of productivity problem: PC

ELIZA BAVIN  |  THURSDAY, 29 MAY 2025
... heart of Australia's ongoing productivity problem. "The COVID-19 pandemic was a rollercoaster for productivity, but we are now back to the stagnant status quo," PC deputy chair Alex Robson said. The report, Productivity before and after COVID-19, broke ...

New SMSF trustees drive financial advice uptake

ANDREW MCKEAN  |  WEDNESDAY, 28 MAY 2025
... SMSFs, a lack of holistic advice was increasingly cited. "On the bright side, the research found that 34% of unadvised SMSFs now plan to seek financial advice, which is up from 25% the year before. But this percentage needs to grow," Smith said. The ...

CSLR levy underspend expected as claim processing slows

ANDREW MCKEAN  |  WEDNESDAY, 28 MAY 2025
... estimated in December 2023 is still expected to eventuate, claims have taken longer than anticipated to reach the CSLR and will now be received in FY26. The CSLR said more precise details can be expected after the conclusion of the next financial year. ...

ASIC tells super: 'You have everything you need to not fail'

ELIZA BAVIN  |  WEDNESDAY, 28 MAY 2025
... more in that regard soon." Constant said the regulator has been investigating claims handling delays for close to two years now, but in the process has also identified a wider range of issues affecting member services, including issues relating to accessibility. ...

Responsible investing buoyed by instos: RIAA

KARREN VERGARA  |  WEDNESDAY, 28 MAY 2025
... currently represent more than 75% of the professionally managed assets in Australia. "The 13 largest super funds in Australia are now part of RIAA's membership and attending this year's conference. RIAA's certification program also remains ...