Lonsec backs ASIC private credit review
Researcher Lonsec has come out in support of ASIC’s interim report into private credit distribution, noting the recent report highlights red flags the researcher claims aligns with its approach to rating products. The praise comes as the regulator issues another stop order against a private credit provider this week.
October 22, 2025
Going above and beyond for certainty
Superannuation may not be the silver bullet for a comfortable, confident retirement for everyone. While it is a crucial and central part, the history of regular tax reform in Australia highlights the importance of seeking professional advice, planning for further changes, and utilising structures outside super for even greater security and certainty.
October 22, 2025
Praemium added $283m First Guardian exposure from OneVue acquisition
Praemium had a $286 million exposure to First Guardian, most of which was picked up from its acquisition of OneVue from Xplan owner Iress that took place at the same time ASIC commenced investigations into the troubled master fund. Meanwhile, ASIC continues its work into investigating the collapsed Shield and First Guardian funds, with an MWL adviser receiving an eight-year ban for inappropriately advising clients to invest in Shield.
October 21, 2025
DBFO due ‘shortly’ but no specifics beyond that
The next tranche of Delivering Better Financial Outcomes legislation is due “shortly”, but Minister for Financial Services Daniel Mulino is unable to provide a timeframe, softening from earlier indications it would be released by the end of the year.
October 17, 2025
Should the FSC represent self-licensed businesses?
Nearly half the industry now operates under self-held AFSLs, which offers independence from an institutional collective, but lacks a centralised voice. Sean Graham writes the Financial Services Council’s licensing green paper might present ideas not necessarily in the best interests of self-licensed practices but there’s still an opportunity to be part of the process rather than just criticising it.
October 17, 2025
Mulino urges industry-led solutions to Shield, First Guardian saga
The government will give industry and regulators some space to deal with the fallout of the Shield and First Guardian collapse, but Minister for Financial Services Daniel Mulino believes some policy change will be needed. Meanwhile, the minister is also awaiting on Treasury to present findings of the Compensation Scheme of Last Resort review.
October 16, 2025
Avoid over-zealous regulatory response to Shield, First Guardian: HUB24
HUB24 says any response by regulators to the collapse of the Shield and First Guardian managed investment schemes must avoid undermining the ability of the platform industry to deliver choice and high-quality investment solutions to investors.
October 16, 2025
Supporting vulnerable clients through pro bono advice
Stephanie Patrick has been helping people navigate their finances for over 13 years, driven by the desire to make a difference. In a recent case referred by the Pro Bono Financial Advice Network, Patrick worked with a woman who had multiple sclerosis, was undergoing a divorce, had several children and was recovering from a previous cancer diagnosis, showing the crucial role pro bono advice can play.
October 15, 2025
