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Former ASFA COO joins housing fund manager

MATTHEW WAI  |  FRIDAY, 12 JUN 2026
The former chief operating officer of the Association of Superannuation Funds of Australia (ASFA) has joined C1 Capital Group as chief investment and operating officer. Tim Buskens has assumed the role at C1 Capital Group, which is a housing fund manager ...

Banks gaining on private credit firms in construction lending

RIDDHIMA TALWANI  |  WEDNESDAY, 10 JUN 2026
... remain the dominant force in construction, the gap between bank and non-bank expectations has certainly narrowed," the report read. Stamford Capital managing director Peter O'Connor said while banks and non-bank lenders both serve distinct markets, there ...

Treasury releases adverse genetic test results ban draft regulation

KARREN VERGARA  |  TUESDAY, 9 JUN 2026
Treasury is seeking feedback on draft regulations that ban the use of adverse genetic test results in life insurance, which come into effect on October 8. The draft regulations under Insurance Contracts Amendment (Genetic Testing Protections in Life ...

Australian Unity to shed 195 roles

MATTHEW WAI  |  FRIDAY, 5 JUN 2026
... costs and operating model, with a focus on becoming simpler and more efficient," a statement provided to Financial Standard read. "As part of this process, Australian Unity will reduce its workforce by 195 positions. "Importantly, these changes will ...

Canopy Investors shuts doors, winds up fund

KARREN VERGARA  |  FRIDAY, 5 JUN 2026
... characterised by the market's rotation away from the quality stocks the fund focuses on...," the latest performance update read. "While the fund's recent results have been difficult, we are encouraged by both the underlying performance and enduring ...

What does a world with 'zero migration' look like?

RIDDHIMA TALWANI  |  WEDNESDAY, 3 JUN 2026
... while there is a more modest decline of around 1% in the US as its inflows are more mixed in age composition," the report read. Australia and Canada stood out as exceptions, with output per capita rising around 1% and 4% respectively. "Both countries ...

AFCA puts InterPrac determinations on ice

KARREN VERGARA  |  FRIDAY, 29 MAY 2026
The Australian Financial Complaints Authority (AFCA) is pausing all InterPrac Financial Planning-related determinations as court proceedings instigated by the latter are underway. For people affected, the pause in determinations mean their complaints ...

Heightened cyber threats require greater accountability on governance

MATTHEW WAI  |  WEDNESDAY, 27 MAY 2026
Cyber threats have increased significantly over the past year, and experts are advising financial services businesses to enhance their security framework, not only to shield their digital infrastructure but to also to ensure their governance policies ...

FAAA pushes for 'fundamental' changes to CSLR

KARREN VERGARA  |  TUESDAY, 26 MAY 2026
... disadvantage many Australians who have sought financial advice or who would seek advice if they could afford it," the submission read. In response to Curbing lead generation activity proposed reforms, it is "strongly opposed to any proposal to remove ...

APRA funding levy rises to $253m

KARREN VERGARA  |  TUESDAY, 26 MAY 2026
... changes to prudential settings for this sector of the market e.g. to strengthen conflicts management," the discussion paper read. Targeting unnecessary spending, the levy will also be used for "intense scrutiny of fund-level expenditure to hold RSE licensees ...
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