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Diversa’s defence argues First Guardian fraud

Diversa’s defence argues First Guardian fraud

Diversa Trustees has filed its defence to ASIC's charges around the collapse of First Guardian arguing fraud by other parties.
Equity Trustees withdraws from Super Trustee business

Equity Trustees withdraws from Super Trustee business

Equity Trustees has made the key decision to exit its independent superannuation trustee business amid continuing issues with ASIC.
Unanimity on dumping AFCA’s ‘but for’

Unanimity on dumping AFCA’s ‘but for’

Removal of AFCA's 'but for' approach to CSLR compensation sits at the top of the list for the major accounting and advice groups.

Support reimagined: TAL’s new approach to TPD

Content Partnership 23 June 2026

Life Insurance

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Mental ill-health has become the defining claims challenge for life insurers. TAL’s new TPD Support Option is designed to meet it…

Wrong way go back

Extending performance test to MAs a bridge too far?

Mike Taylor 23 June 2026

Managed Accounts

One Comment

Major superannuation funds organisation ASFA has warned Treasury about extending the super performance test to managed accounts.

Small caps market

Bell AM brings new Aus small caps strategy to market

Yasmine Raso 23 June 2026

Funds Management

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Bell Asset Management has brought a new Australian small companies strategy to market as part of its suite of equities offerings.

Rejection

Life insurer cops formal warning over claims handling failures

Yasmine Raso 23 June 2026

Life Insurance

No Comments

The Life CCC has issued a life insurer a formal warning over failures in claims handling that resulted in hundreds of code violations.

Small caps market

Australian small caps to ride AI, electrification boom

Binaya Dahal 23 June 2026

Investment

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SG Hiscock’s Phillip Li said small caps with exposure to long-term themes will continue to shape investment opportunities in coming decade.

Launch of new estate planning platform

KeyInvest targets private credit with new platform

Binaya Dahal 23 June 2026

Funds Management

No Comments

KeyInvest’s Craig Brooke said the platform builds on the organisation’s institutional history of investing through multiple market cycles.

Court decision

Diversa looks to Praemium on First Guardian

Mike Taylor 22 June 2026

Funds Management

No Comments

Platform business Praemium has told the ASX that Diversa has initiated a cross claim with respect to ASIC’s First Guardian proceedings.


INDUSTRY NEWS

Where can investors with maturing bank hybrids go?

Financial Newswire Contributor 28 May 2026

Industry News

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With the phasing out of bank hybrids, where will investors with near term maturities go for regular income accessible on the ASX? Discover potential..

Trade Finance whitepaper: Access uncorrelated alpha potential

Financial Newswire Contributor 5 June 2026

Industry News

No Comments

Trade finance has demonstrated resilience across global shocks, combining short‑duration, self‑liquidating structures with historically low volatility

Investing Across the Bond Market Cycle

Financial Newswire Contributor 1 June 2026

Industry News

No Comments

With government debt at record highs, what other areas of the bond market could potentially enhance a portfolio’s defensive characteristics?

Re-thinking TPD: Why Severity Matters More Than Ever

Financial Newswire Contributor 1 June 2026

Industry News

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From an interview with MyRisk Adviser, this article explores how TPD Severity can support clearer advice and better client outcomes.


Banning

ASIC dishes out 10-year adviser ban

Yasmine Raso 22 June 2026

Financial Planning

No Comments

ASIC has banned a financial adviser for 10 years and cancelled his business’ licences after uncovering fee-related misconduct.

Departure

Traditional EOFY adviser exits grow

Mike Taylor 19 June 2026

Financial Planning

No Comments

With the end of financial year looming the number of financial adviser exits is growing with total adviser numbers falling below 15,100.

Wrong way go back

Blame bad advice says SMSF Association

Mike Taylor 19 June 2026

Financial Planning

No Comments

The SMSF Association has mounted a defence of SMSF structures arguing they should not be inappropriately penalised.

Misguided regulator

Industry funds question increased levy funding to ATO

Mike Taylor 22 June 2026

Superannuation

No Comments

Industry superannuation funds have raised questions about increased levy funding for the ATO and the agency’s oversight of super release.

Super gender gap

Gender super gap in pre-retirees widens over last decade

Yasmine Raso 22 June 2026

Superannuation

2 Comments

At the same time as overall super balances have grown in the last decade so has the gender super gap for pre-retirees, according to the SMC.

Lead generation

ASIC adds 19 entities to lead gen list

Mike Taylor 18 June 2026

Financial Planning

No Comments

With the caveat that being named does not imply guilt, ASIC has taken the list of entities related to lead generation to over 50 businesses.

Ear trumpet

Chalmers does it the hard way – again

Mike Taylor 22 June 2026

Investment

One Comment

The political judgement of the Treasurer, Jim Chalmers, has been brought into question by back-to-back stumbles on super taxation and CGT.

Sign of confusion, uncertainty, bewilderment and disorientation

ECP urges defensive investing amid ‘muddied’ outlook

Binaya Dahal 22 June 2026

Investment

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With reporting season approaching, ECP Asset Management’s partner Andrew Dale said investors should adopt a defensive approach.

US Federal Reserve

Kevin Warsh ‘most hawkish’ Fed chair since Volcker

Binaya Dahal 22 June 2026

Investment

No Comments

Franklin Templeton’s Sonal Desai said Warsh’s first press conference as Fed chair signals a welcome return to an orthodox monetary policy.