Make MISs carry PII says FAAA
Managed Investment Schemes should be made to pull their weight on PII Insurance and be full covered by AFCA says the FAAA.
20 February 2026
Mortgage brokers, accountants and real estate players have been warned about drifting into unlicensed advice via utilising tools and apps.
Melbourne-based financial services business, Sequoia, has lost a further four financial advisers amid continuing regulatory fall-out.
Zenith expects managed accounts to surpass $400 billion by 2030, fuelled by increased regulatory scrutiny and tech-enabled scalability.
SS&C Technologies has completed the onboarding of members from REI Super, nine months after securing the mandate to administer the fund.
Schroders’ Helen Mason says the Australian credit market appears well positioned for another constructive year.
The major accounting groups are urging that ASIC adopt the same approach to adviser PII monitoring as the TPB on tax practitioners.
New data has confirmed that industry superannuation funds are now facing into stiff competition from SMSF establishments and platforms.
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Financial advice group, Infocus, has appointed Dr Ed Young as its new Chief Technology Officer, effective from 16 February.
ASIC has listed 22 AFSLs who it believes have allowed advisers to utilise the services of lead generators as part of a new review exercise.
The Government should be funding current and future CSLR shortfalls according to ASFA’s response to Treasury’s review of PII.
Industry funds are calling for a strengthening of the advice PII regime while making it clear they do not want to pay for the CSLR.
Big industry fund HESTA is calling on the Government to legislate to allow super funds to default members into retirement income streams.
Australian Ethical has announced the appointment of Mark Puli to the board of its super fund, effective 11 February 2026.
Betashares’s Head of Fixed income Chamath De Silva says Australia is emerging as the “cleanest dirty shirt” in global fixed income,
Challenger Limited has reported a robust first half prompting a $150, buy-back announcement and another strategic partnership.
Salter Brothers, a Melbourne-based asset manager, has struck a deal to become exclusive local partner of global M&A advisory network IMAP.
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