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APRA shuffles executive director lineup

ELIZA BAVIN | TUESDAY, 31 MAR 2026

The Australian Prudential Regulation Authority (APRA) has appointed two new executive directors to fill recent vacancies. Peter Kohlhagen has been promoted from general manager of superannuation to executive director of policy and advice following the ...

Another former Venture Egg adviser slapped with four-year ban

MATTHEW WAI | TUESDAY, 31 MAR 2026

A Victorian financial adviser, who was supervised by Ferras Merhi of United Financial Advice and Ferras Merhi Pty Ltd (Venture Egg), has been banned for four years over inappropriate advice and deceptive conduct, including impersonating other advisers. ...

Legalsuper chief to take top job at Equip

JAMIE WILLIAMSON | MONDAY, 30 MAR 2026

Legalsuper will bid farewell to its chief executive Luke Symons, who is set to become chief of Equip Super. It is also losing its chief investment officer. Symons has been named incoming chief executive of Equip Super, taking over on July 1. Last week ...

Binance Australia to pay $10m over deliberate customer misclassifications

MATTHEW WAI | MONDAY, 30 MAR 2026

The Federal Court has ordered Oztures Trading, known as Binance Australia Derivatives, to pay $10 million after it was found to have misclassified more than 85%, or 524, of its retail clients between July 2022 and April 2023. ASIC commenced legal proceedings ...

Macquarie 'preparing for all contingencies' as conflict continues

RIDDHIMA TALWANI | FRIDAY, 27 MAR 2026

... think they have been woken up to the fact that they can't just depend on one place," Wikramanayake said. "I don't know that a de-globalised world is the right thing, but it's a more fragmented faction whether it's Europe, the Middle East ...

Inflation remains firm, May rate hike still in play

ELIZA BAVIN | THURSDAY, 26 MAR 2026

The Consumer Price Index (CPI) rose 3.7% in the 12 months to February 2026, according to the Australian Bureau of Statistics (ABS). "The 3.7% annual CPI inflation to February eased slightly from the 3.8% annual CPI inflation to January," ABS head of ...

ETF home bias more prominent amid global unrest: BlackRock

RIDDHIMA TALWANI | WEDNESDAY, 25 MAR 2026

... also be seen with BlackRock's European ETF being the third biggest gainer this year. "There's probably, 'hey I know, I like and I trust Australian equities and these are names that I am familiar with.' There is always that, of course ...

FEATURE | Regulation: Picking up the pieces

KARREN VERGARA | TUESDAY, 24 MAR 2026

... in seeing that'," she recalls. About one or two months later, Kee wanted out. "Three months was long enough for me to know that I did not want to stay with them as I was not getting the response I wanted," she says. "I was then told they were 'undergoing ...

AI layoffs a correction from overhiring: Morningstar

RIDDHIMA TALWANI | FRIDAY, 20 MAR 2026

... company's posture from a defensive to an offensive one. "If I was a software chief executive, with investors demanding to know why my business was not going to be disrupted by AI, attributing a redundancy round to AI efficiency is one helpful way ...

Fund manager red flags founders' massive pay packages

KARREN VERGARA | THURSDAY, 19 MAR 2026

... corporate governance issues unfolding in the company over the past 18 months are an example. "Paul McKenzie, I don't know how long they thought that he was underperforming for, but I would suggest it's been longer than the last couple of months ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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