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Man caught in money trap

Managed accounts now exposed to super performance test

Mike Taylor 23 May 2025

The Australian Prudential Regulation Authority (APRA) has confirmed the degree to which managed accounts can be factored into the Your Future Your Super (YFYS) superannuation performance test.

The regulator has confirmed has stated that separately managed accounts can be deemed to be Trustee Directed Products (TDPs) which are now being…

Red alarm clock with tick tock

DBFO uncertainty plays on adviser movement

Mike Taylor 23 May 2025

Mild levels of adviser churn between licensees has remained the broad trend in the financial planning sector as financial advice firms and superannuation funds await the final shape of the Government’s Delivering Better Financial Outcomes (DBFO) approach.

The relative stability in numbers is being attributed, in part, to decisions which…

new appointment

Midwinter announces key changes to senior ranks

Patrick Buncsi 23 May 2025 No Comments

Midwinter has announced several changes to its management line-up, including the appointment of two new senior BDMs.

Peter Mermelas

HNW veteran joins Mason Stevens in strategy role

Yasmine Raso 23 May 2025 No Comments

Mason Stevens has made its first senior appointment since its acquisition by Adamantem Capital, with Peter Mermelas joining as Chief Strategy Officer.

Mergers & acquisitions

MA Financial acquires IP Generation

Mike Taylor 23 May 2025 No Comments

Alternative asset manager, MA Financial has substantially grown its presence by acquiring real estate investment manager, IP Generation.

INDUSTRY NEWS

Take life on with Acenda, the new face of MLC Life Insurance.  

Financial Newswire Contributor 19 May 2025 No Comments

For over 130 years, MLC Life Insurance has helped Australians protect their futures and the futures of those they love. Now, as Acenda…

The sweet spot between risk and growth

Financial Newswire Contributor 19 May 2025 No Comments

SMID caps are at the sweet spot: growth prospects are still exciting but they’re more mature businesses – less volatile/ risky than true small caps.

Trade, tariffs, and the market response

Financial Newswire Contributor 21 April 2025 No Comments

Global markets have been rattled following proposed tariff implementations. Fidelity experts weigh in across asset classes and lay out their thinking

Duration’s comeback: A better friend for income and credit

Financial Newswire Contributor 8 April 2025 No Comments

We think it is time for income and credit investors to accept duration back into the friend circle…

Remediation

Life insurance coverage on the rise despite sticky knowledge gap

Yasmine Raso 22 May 2025 No Comments

New research from NobleOak has confirmed the number of Australians with life insurance has risen despite a concerning knowledge gap.

Michael Clancy

Rest appoints Qantas Super chief as next CIO

Patrick Buncsi 22 May 2025 No Comments

Leading industry super fund Rest has named former Qantas Super CEO Michael Clancy to head its investment operations.

annuities

MetLife urges for strategy “rethink” to achieve comfort in retirement

Yasmine Raso 22 May 2025 No Comments

MetLife Australia has called for a “rethink” of retirement planning strategies, as surging costs see confidence in savings plummet.

Defence stocks ‘on a tear’ as Europe hints at 5% NATO spend

Patrick Buncsi 22 May 2025 No Comments

Global defence ETFs have seen unprecedented inflows since the start of 2025, as NATO’s top EU members urge for a big hike in defence spends.

ASIC cancels AFS licence

TelstraSuper aborts Equip Super merger

Mike Taylor 21 May 2025 No Comments

In a surprise move, TelstraSuper has aborted its merger process with Equip Super stating it is not in members’ best interests.

Investment fees

Insignia’s MLC Expand heats up platform fees competition

Mike Taylor 21 May 2025 No Comments

Insignia Financial’s MLC Expand platform has thrown down the gauntlet on fees, announcing reductions of around 25%.

Small ball pushing down a see-saw with big ball on other side

22 super funds control 93.2% of AUM

Mike Taylor 21 May 2025 No Comments

The reality of the Australian superannuation industry is that it is now dominated by 22 super funds controlling 93.2% of AUM.

Questions

RBA on track to neutral despite hovering ‘cocktail’ of uncertainty

Yasmine Raso 21 May 2025 No Comments

The RBA’s latest policy decision delivered on market expectations, but spirits were somewhat dampened by the elevated uncertainty.