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Praemium's new leadership toughens earnings yardstick

RIDDHIMA TALWANI  |  FRIDAY, 16 OCT 2026
... future reporting will be based on cash EBITDA, that is EBITDA less capitalised development expenditure, and this change will apply from the 1H27 results." He added the board has changed management incentive from EBITDA to cash EBITDA, with the full support ...

Advice firms lacking AI integration: Iress

VINNY VUCAGO  |  FRIDAY, 16 OCT 2026
Artificial intelligence (AI) is delivering productivity gains across financial advice, but only 7% of practices have embedded the technology across most of their workflows, research from Iress has found. Research by Iress and Signal Advisory, drawing ...

ASIC consults on new digital asset laws

MATTHEW WAI  |  THURSDAY, 15 OCT 2026
... services licence (AFSL) holders and entities dealing with digital assets. Under the proposed guidance, firms will need to apply for an AFSL, provide customer disclosure documents and platform rules, and comply with asset-holding standards, transactional ...

ETF assets hit $388bn as inflows near $7bn

VINNY VUCAGO  |  TUESDAY, 13 OCT 2026
Australia's exchange-traded fund (ETF) industry attracted $6.9 billion in net inflows during September, taking total assets under management to a record $388 billion as investors continue to favour index-based strategies, international equities and ...

CareSuper rejigs beneficiary nominations, investment options

KARREN VERGARA  |  TUESDAY, 13 OCT 2026
... single listed security. From October 1, the 20% limit no longer applies to all ETFs and LICs, while different limits may apply to individual ETFs and LICs. DIO allows eligible members to invest part of their super in S&P/ASX 300 shares, ETFs, LICs and ...

ASIC seeks 10-year extension of CFD protections

VINNY VUCAGO  |  MONDAY, 12 OCT 2026
... may fall outside the current PIO because of how they are settled," Kirkland said. "The proposed updates ensure protections apply consistently, regardless of whether a CFD is settled by cash, set off or digital assets." Separately, ASIC is seeking views ...

Former Income AM director launches fixed income advisory

MATTHEW WAI  |  FRIDAY, 9 OCT 2026
... much of the local wealth management sector, but the story comes a little different in fixed income and, hence, does not apply a performance fee on his offering. "I am not convinced that models based around transactional volumes and/or ones that charge ...

Life CCC spots 10.6k breaches in FY26

MATTHEW WAI  |  THURSDAY, 8 OCT 2026
... from our oversight of the current Code to contribute directly to consideration of the standards and protections that will apply under the future Code." Life CCC chair Jan McClelland highlighted claims remain a clear priority moving forward, with further ...

HESTA lowers investment fees

ELIZA BAVIN  |  TUESDAY, 6 OCT 2026
... fees for Indexed Balanced Growth, one of the fund's lowest-cost options, edged up from 0.08% to 0.09%. Changes also apply across most of HESTA's Your Choice investment options. Fees and costs for International Shares have been reduced from 0.29% ...

Another C-suite member leaves Rest

MATTHEW WAI  |  THURSDAY, 1 OCT 2026
... as others across the organisation. Rest has a special culture and a wonderful team. "I am delighted to have been able to apply the skills I developed through my earlier career in such a purpose-driven organisation." Simultaneously, O'Neill stepped away ...
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