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More aggressive than ever: ASIC defends First Guardian investigation

RIDDHIMA TALWANI | FRIDAY, 5 JUN 2026

... and aggressive stance on these collapses than I think we've done in any other matter. We've stood up around 50-60 people who are working almost around the clock on these issues, and investigations of this nature that involve the dispersion of ...

Otivo launches AI-powered financial advice

MATTHEW WAI | THURSDAY, 4 JUN 2026

... general-purpose AI tools such as ChatGPT, Claude and Gemini are restricted from providing financial advice. "Two hundred million people a month are asking ChatGPT financial questions and OpenAI has admitted it can't give them advice. That's the ...

Almost half of Aussies not making voluntary super contributions

VINNY VUCAGO | THURSDAY, 4 JUN 2026

... that opportunity is lost. But the carry-forward rule means those missed contributions can potentially be used later, when people are better placed financially," Smith said. Under current rules, individuals with a total superannuation balance below $500,000 ...

Raiz names new chief executive

KARREN VERGARA | WEDNESDAY, 3 JUN 2026

... wellbeing has been at the heart of everything we've done. I'm proud of what we've achieved together. I thank our people and our customers for their support and am confident Raiz is well positioned for the future," he said. Keary led online ...

Super funds push back on CSLR: SMC

VINNY VUCAGO | TUESDAY, 2 JUN 2026

... not one that socialises the cost of financial misconduct to the nation's lowest-wage earners instead of holding the people responsible to account," SMC chief executive Misha Schubert said. The submission comes as the CSLR faces mounting pressures ...

IFM Investors nabs Mirvac fund management chief

MATTHEW WAI | TUESDAY, 2 JUN 2026

... estate platform, positioning the business for its next phase and supporting IFM to deliver for our clients and the working people they represent," Neal said. Meanwhile, Mosely said he looks forward to joining IFM at an important time. "IFM has a clear ...

KPMG chief resigns after firm admits whistleblower probe fell short

RIDDHIMA TALWANI | MONDAY, 1 JUN 2026

... to the clients whose information was not handled with the care and respect they expect from us. We also apologise to our people - as these matters do not reflect on the contribution they make to KPMG and our clients." He added KPMG will publish the findings ...

Product Showcase: Calm in the chaos

THE FINANCIAL STANDARD TEAM | MONDAY, 1 JUN 2026

... breakfast. As Fairbrother puts it, "Our investment philosophy is to always run into the 'burning building' when people are coming out and be that contrarian in the room that's going in the opposite direction." That burning building could ...

ETF a rising craze among the Gen Z: Vanguard

RIDDHIMA TALWANI | FRIDAY, 29 MAY 2026

... Vanguard said. Vanguard data showed approximately two thirds of accounts on its personal investor platform are held by people under 45, with this group also the fastest-growing cohort. In 2024 and 2025, Vanguard Australia saw 42% annual growth in accounts ...

FEATURE | Emerging markets: Twists and turns

KARREN VERGARA | FRIDAY, 29 MAY 2026

... structure, the agendas of the different players, was always going to lead to an attack. The off ramps are very cloudy at best. People think that a deal will be done. I hope a deal would be done." Russia and China: End game? A two-week ceasefire took ...

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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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