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FAAA seeks explanation of ‘huge’ forecast AFCA claims handling cost

Mike Taylor 20 February 2025

The Australian Financial Complains Authority (AFCA) needs to confirm the legitimacy or otherwise of an actuarial report suggesting that its costs for handling claims is forecast to escalate from $12,450 per claim in 2024/25 to $21,334.

The question has been posed by the Financial Advice Association of Australia (FAAA) as…

millennials

Millennials driving SMSF establishments

Mike Taylor 20 February 2025

Self-managed superannuation funds now account for more than a quarter (25.1%) of the Australian superannuation industry, according to the latest Benchmark Report from specialist administration software provider, Class Super.

The same report has also revealed that after decades of dominance by baby boomers, it is now Millennials and Generation X…

Rising arrow above super

Super fund returns kick off 2025 in positive territory

Mike Taylor 20 February 2025 No Comments

Despite geopolitical uncertainties, Australian superannuation fund returns have kicked off 2025 in solidly positive territory.

Road sign - competition vs monopoly

Morningstar cuts Challenger fair value estimate

Mike Taylor 20 February 2025 No Comments

Exposure to global economic events and the likelihood of competition has seen Morningstar lower its fair value estimate for Challenger.

ETF fund launch

Macquarie AM adds ‘first of its kind’ active ETF to platform

Patrick Buncsi 20 February 2025 No Comments

Macquarie Group’s asset management arm has launched two new fixed income ETFs, including a ‘first of its kind’ high yield offering.

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PEP backs Inviva with $100m facility

Staff Writer 20 February 2025 No Comments

Reverse mortgage player Inviva has received a boost via a $100 million facility provided by Pacific Equity Partners Capital Solutions.

INDUSTRY NEWS

Thinking Local, Winning Global – Unit Registry as a Strategic Advantage

Financial Newswire Contributor 20 February 2025 No Comments

 Unlock the potential of unit registry to streamline operations, strengthen investor relationships and transform data into a powerful tool for growth 

Outlook 2025: Plan for growth, Prepare for volatility

Financial Newswire Contributor 15 February 2025 No Comments

After two years of weak returns, 2024 has proven to be a rewarding year for Australian investors. What will 2025 bring?

FSI_Video

Our watch list of winners for the next decade

Financial Newswire Contributor 1 December 2024 No Comments

The composition of the ASX is changing – and keeping abreast of ‘new winners’ is key according to First Sentier Investors.

Fixed income markets: When the stars align

Financial Newswire Contributor 1 November 2024 No Comments

Fixed income markets offer compelling investment opportunities alongside continued lower inflation and central banks entering the easing cycle. 

overkill

ASIC proposes sensible changes to breach reporting

Mike Taylor 19 February 2025 2 Comments

ASIC is proposing changes to the costly breach reporting regime which will effectively eliminate minor matters which are quickly remediated.

Regulatory compliance

FAAA reminds ATO on general advice payment rules in super

Mike Taylor 19 February 2025 One Comment

The FAAA has seen fit to remind the ATO of the rules which preclude the charging of individual superannuation fund members for general advice.

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HUB24 upgrades targets after strong half

Mike Taylor 19 February 2025 No Comments

HUB24 has pointed to the uncertainty still surrounding some of its institutional competitors as books a 54% increase in net profit after tax.

HUB24 Investment platform

Datt Capital adds high-performing funds to HUB24

Patrick Buncsi 19 February 2025 No Comments

HUB24 adds Datt Capital’s high-performing equities funds to its digital investment platform.

Senior appointment

Future Generation appoints first CIO

Yasmine Raso 19 February 2025 No Comments

Lee Hopperton, has joined philanthropic investment venture, Future Generation, as its inaugural Chief Investment Officer.

Perennial makes senior appointments

Perennial appoints veteran trio to distribution team

Patrick Buncsi 19 February 2025 No Comments

Perennial Partners has announced three senior additions to its distribution team, including a new director for private wealth.

TAL

TAL releases 2025 risk academy program amid anniversary

Yasmine Raso 19 February 2025 No Comments

TAL has released the 2025 course curriculum for its Risk Academy, at the same time as the program celebrates 10 years in operation.

Arrows going separate ways

RBA meets consensus with rate cut in first decision of 2025

Yasmine Raso 18 February 2025 One Comment

The RBA has satisfied market consensus with an official cash rate cut of 0.25 basis points to 4.1 per cent in its first 2025 decision.