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Australian Unity to shed 195 roles

MATTHEW WAI | FRIDAY, 5 JUN 2026

... will not affect frontline care roles or the delivery of the essential services our customers and communities rely on each day." The strategic review was noted in an announcement on April 29, as the group shared its full-year FY26 results were "expected ...

Family office succession takes back seat to investments

KARREN VERGARA | FRIDAY, 5 JUN 2026

... Investment professionals remain central to family offices and operate within a broader organisational structure that supports day-to-day functioning, as well as longer-term continuity, the survey found. This is in lockstep with the support of non-investment ...

FEATURE | Emerging markets: Twists and turns

KARREN VERGARA | FRIDAY, 29 MAY 2026

... Middle East to supply nearly all its oil. As part of the first nationwide energy-saving measures, Marcos rolled out a four-day work week and imposed limitations on air-conditioning usage for government workers. He recently suspended fuel tax excise on ...

Westpac fined $26m for financial hardship neglect

KARREN VERGARA | WEDNESDAY, 27 MAY 2026

Major bank Westpac has copped a $26 million fine for neglecting customers facing financial hardship over a six-year period. The Federal Court found the bank failed 277 customers facing financial troubles by not providing a written response to their ...

AIOFP partners to launch adviser protection program

MATTHEW WAI | TUESDAY, 26 MAY 2026

... clients first, whilst maintaining important governance infrastructure. Their alignment to this principle has been clear from day one." Meanwhile, DASH executive director of strategy Darren Pettiona added: "Strong governance and clear standards are critical ...

ASIC, APRA target insurers' TPD product sustainability

KARREN VERGARA | MONDAY, 25 MAY 2026

Regulators are putting the pressure on life insurers to manage problematic issues arising from total and permanent disability (TPD) products offered across the retail and group insurance channels, a recent roundtable heard. ASIC and APRA warned providers ...

Feature: Private credit | The fine print

RIDDHIMA TALWANI | FRIDAY, 22 MAY 2026

... substantial business behind them. "You don't want to have a key person risk," she says. If the key person leaves the next day, she stresses it is fundamental to check if the business has the bench strength behind it and a natural person to step into ...

Data, compliance key to successful technology-enabled advice

KARREN VERGARA | WEDNESDAY, 20 MAY 2026

... importance of starting at the ground level - improving client and investment data before leveraging AI over it. On the final day of the Stockbrokers and Investment Advisers Association (SIAA) Conference in Melbourne, Flextrade vice president of business ...

Investors thrust into rules of the 'jungle': Economist

KARREN VERGARA | WEDNESDAY, 20 MAY 2026

... Conference that it is a difficult time for investors who are trying to digest the tumult triggered by the geopolitics of the day. "For us, we're trying to distil what is noise here and what is signal. We know that geopolitics is becoming more of ...

Government to fast track low-risk foreign investments

RIDDHIMA TALWANI | WEDNESDAY, 20 MAY 2026

The government is further strengthening Australia's foreign investment framework in a bid to unlock more investment and subject higher risk proposals to more rigorous scrutiny. This builds on the first tranche of reforms introduced in 2024. The changes ...

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Australian Unity to shed 195 roles

MATTHEW WAI | 12:42PM

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 | 12:34PM

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 | 12:17PM

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 | 12:29PM

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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