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Australian Unity to shed 195 roles

MATTHEW WAI | FRIDAY, 5 JUN 2026

... portfolio, 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 ...

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI | FRIDAY, 5 JUN 2026

... Count's Australian financial services licence (AFSL). As a result, Count no longer has restricted SMSF advisers. Financial Standard has reached out to Count for comment. Notably, four former Merit Wealth advisers have switched to Capstone. It comes as ...

Family office succession takes back seat to investments

KARREN VERGARA | FRIDAY, 5 JUN 2026

... within the next 10 to 15 years. Rebecca Gooch, the global head of Insights at Deloitte Private, recently told Financial Standard that this type of momentum is "seismic". "Trillions of dollars are changing hands, and the next generation brings a different ...

Almost half of Aussies not making voluntary super contributions

VINNY VUCAGO | THURSDAY, 4 JUN 2026

... could increase their available concessional contribution limit to as much as $167,500 in 2025 to 2026, including the standard annual cap of $30,000. The flexibility may be particularly valuable for workers with fluctuating incomes, career breaks or one-off ...

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

RIDDHIMA TALWANI | WEDNESDAY, 3 JUN 2026

Oxford Economics has hypothesised an extreme scenario of "zero migration" globally and found while destination economies, mostly advanced, would see significant declines in output per capita, origin economies would have modest gains as retained labour ...

AFCA to update rules on new genetic testing laws

KARREN VERGARA | TUESDAY, 2 JUN 2026

... AFCA excludes complaints about underwriting or actuarial factors leading to an offer of a life insurance policy on non-standard terms. This is proposed to change under new Rule C.1.4b, whereby AFCA must exclude a "complaint about underwriting or actuarial ...

VanEck launches new Australian equity ETF

MATTHEW WAI | MONDAY, 1 JUN 2026

... Australia IMI Quality Plus Index. Commenting, VanEck Asia Pacific chief executive Arian Neiron said Australia is not a standard market for quality investing just yet. "It is concentrated, cyclical and dominated by sectors that can distort traditional ...

Centrepoint Alliance acquires two advice firms

KARREN VERGARA | MONDAY, 1 JUN 2026

... Wealth advisers will move to Centrepoint's Brisbane office. Completion is expected to finalise July 1 subject to standard regulatory approvals and adviser transitions. Astute is Centrepoint's key referral and distribution partner. The new deal ...

Product Showcase: Calm in the chaos

THE FINANCIAL STANDARD TEAM | MONDAY, 1 JUN 2026

Sharemarket crashes and their inevitable recovery are well-charted, but no one really talks about what happens in between. Who are the investors caught in the crash, and who are the ones that capture the most gains on the way up? In that space between ...

Small pocket of failed measures can 'blow the entire business': Anderson

MATTHEW WAI | FRIDAY, 29 MAY 2026

The Financial Advice Association Australia (FAAA) general manager of policy, advocacy and standards Phil Anderson warned licensees to improve their control measures for authorised representatives to avoid any unintended consequences. Breaking down licensees' ...

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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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