Budget 2026 is all about transition
Helping clients navigate the promised transitional arrangements is the challenge facing financial advisers out of Budget 2026.
13 May 2026
Centuria Capital Group has added Gracian Marando and Crystal Wang in its distribution team to grow its east coast network.
Aware Super has lifted its FUM to $235 billion and welcomed 85,000 members into the fold as a result of its merger with TelstraSuper.
The Government has done as expected with its Capital Gains Tax changes meaning financial advisers will be busy helping clients.
Both ASIC and APRA have emerged as Budget winners via new funding from the Budget but will still be expected to survive on cost recovery.
The Government has earned the support of the major superannuation groups by exempting super investments from the CGT changes.
The Government may not intend including MISs in CSLR funding but it is increasing ASIC funding to collect more MIS data.
The ACTU has voiced its support for tax measures announced in tonight’s Federal Budget set to improve the system’s fairness towards workers.
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Tonight’s Federal Budget appears destined to deliver financial advisers very little beyond increased workload as they help clients adapt.
Nearly 80% of financial advisers plan to lift their fees to help them counter the increasing cost of the CSLR levy.
Adviser numbers on the FAR have continued to increase but InterPrac is continuing to leak numbers in the wake of the aborted sale to Conquest.
Institute of Managed Accounts Professionals chair, Toby Potter laments Treasury’s wrong-headedness around changes to the performance test.
While some super funds were being held to account over death benefit handling delays, life insurers have been lagging on income protection.
Legalsuper has promoted chief financial officer Michael Gogorosis to be its interim chief executive officer as the search continues.
The Financial Services Council has accused the Government of creating uncertainty via a ‘bait and switch’ Budget.
In what represents increasingly ominous portents, financial markets are now treating UK political risk as a major factor in asset prices.
A newly-launched calculator has identified plenty of down-sides attaching to any Budget move to alter the CGT settings.
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