BT, AMP platforms ban InterPrac over Shield and First Guardian fallout
InterPrac advisers have now been forbidden from placing new business on five major platforms after BT and AMP became the latest service providers to blacklist the beleaguered licensee in the aftermath of the Shield and First Guardian collapse.
February 12, 2026
George’s swan song sees AMP shares plunge 26 pc
Since taking the reins of the once-mighty wealth manager AMP, chief executive Alexis George has overseen a rationalisation of the business and a rebuilding of staff morale, product quality and brand. But a 20 per cent increase in underlying profit in her final full-year result as CEO left the market cold.
February 12, 2026
The US dollar could hold the key to global equity returns
After US dollar weakness was flagged as a key theme last year, the greenback went on to record its worst first half returns since the 1970s. Betashares head of fixed income Chamath De Silva writes that for Australian investors with unhedged global equity exposures, these dynamics have meaningful portfolio implications.
February 12, 2026
‘We’re not trying to push SMAs’: Advisers challenge managed account premium
Managed accounts promise efficiency for practices but whether or not they help clients is up for debate. Despite support within the profession, there are some advisers who do have concerns about their usage and will act cautiously, while others will avoid using them altogether.
February 11, 2026
More super fund CEOs receiving seven-figure pay packets
A complex regulatory environment, intense public scrutiny and more sophisticated investments mean superannuation executives have an increasingly difficult job to do, and more fund CEOs than ever before now earn $1 million a year or more. The latest super fund Salary Survey examined how their pay packages in FY25 reflected the new reality.
February 11, 2026
MIS consultation zeros in on high-risk super switching
Greater scrutiny of superannuation switching and more regulatory oversight of managed investment schemes (MISs) are on the cards as the government released another consultation in response to the $1 billion Shield and First Guardian collapse.
February 10, 2026
FAAA welcomes Conaghan’s return to shadow portfolio
Nationals MP Pat Conaghan will return as Shadow Minister for Financial Services, after he was briefly sidelined from the portfolio due to the Coalition’s fallout over the Labor government’s hate speech laws. The Financial Advice Association Australia welcomed the move.
February 10, 2026
‘The commerciality is there’: PY advisers offer short-term benefits
Despite the perception by advice practice leaders that hiring a professional year (PY) adviser offers more cons than pros, one adviser has argued there is a significant return on investment from bringing on an emerging adviser – even if they don’t stay with the business long term.
February 09, 2026
Older Australians at risk of conflicted and inaccurate aged care advice
Gaps in the regulation of financial advice are exposing older Australians and their families to “conflicted, inconsistent and inaccurate” advice on aged care from a growing number of unlicensed providers. Assyat David, director of Aged Care Steps, has five recommendations to strengthen consumer protections.
February 09, 2026
Fund switches driven by who serves advisers the best
Some 70 per cent of super switches are driven by advisers, but whether that’s in the best interest of the client or the adviser is another matter. According to research from CoreData, advisers are the decision-makers and the funds that are easiest to work with will gain flows.
February 06, 2026
120 advisers still to decare post-education deadline eligibility
There are still 120 advisers who either don’t have appropriate tertiary qualifications or have flagged they qualify for the 10-year experience pathway, according to the latest figures from Padua Wealth Data which comes after the 30-day deadline to update the FAR has passed.
February 05, 2026
