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Trustees lack death benefit claims uplift urgency: ASIC

KARREN VERGARA  |  WEDNESDAY, 10 JUN 2026
... delays falling over 72% during the same period. But super-related complaints in general remain elevated. "While these results are encouraging, complaints about superannuation remain high - trustees received over 200,000 IDR complaints in 2024-25. Over ...

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
... 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 to be lower than anticipated" forecasted in February 2026 due to heightened cost to cover ongoing delays on ...

Canopy Investors shuts doors, winds up fund

KARREN VERGARA  |  FRIDAY, 5 JUN 2026
... 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 quality of our portfolio companies and ...

Old settings for TPD 'no longer fit': APRA

RIDDHIMA TALWANI  |  THURSDAY, 28 MAY 2026
... of risk within your organisation, and you can often see these pressures building before they become obvious in reported results," she said. "Across product design, pricing and reserving, you bring a clear view of both the liability side of the balance ...

Royal London AM extends SS&C mandate for new Aussie funds

RIDDHIMA TALWANI  |  WEDNESDAY, 27 MAY 2026
... encompass our new range of Australian funds. We've been partnering with SS&C for the last three years in the UK with positive results," Royal London Asset Management chief client officer Ed Venner said. "The firm's global scale and their growing presence ...

Low fees a strong indicator of fund survivorship: Morningstar

RIDDHIMA TALWANI  |  FRIDAY, 15 MAY 2026
... low-cost index funds and a small number of inexpensive systematic active strategies emerged as clear beneficiaries. "The results reflect the increasingly concentrated market environment shaped by a technology-led rally," Morningstar said. The funds with ...

Aussie active equity managers lack persistent outperformance: SPIVA

KARREN VERGARA  |  WEDNESDAY, 13 MAY 2026
... top-quartile status, showing they significantly surpassed the odds of a random distribution. The research asked if investment results can be attributed to skill or luck. "Genuine skill is more likely to persist, while luck is random and fleeting. Thus ...

GQG reports nearly US$10 outflows, keeps FUM stable

KARREN VERGARA  |  TUESDAY, 12 MAY 2026
... outflows of US$1.4 billion but managed to overcome these with a bumper performance of US$5.7 billion. The fund manager's FY25 results ending December showed total assets reaching US$163.9 billion. Net income increased 7% from the prior year to US$463 ...

Macquarie Asset Management earnings soar to $2.6bn

KARREN VERGARA  |  FRIDAY, 8 MAY 2026
... highest in Macquarie's history. Macquarie Group managing director and chief executive Shemara Wikramanayake said the results come from revenue growth across four operating groups and disciplined cost management. "Each of our businesses used its specialist ...
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