The corporate regulator has proposed additional relief for AFSLs under the reportable situations regime, with the FSC welcoming the changes to an “excessively burdensome” system.

HUB24 has seen record net inflows of $9.5 billion for the first half of FY25, driven by new advisers joining the platform and favourable market conditions.

Alternative asset manager HMC Capital has reported a 45 per cent rise in assets under management in the first half of FY25, and how its private credit division is performing following the acquisition of Payton Capital.

Investment group Future Generation has appointed its first chief investment officer who joins the team from Perpetual Asset Management.

Perennial Partners has made a series of appointments to its distribution team across Australia, including a director focused on private wealth, while an ESG specialist departs.

PIMCO has named its head of ETF sales for Australia, having promoted an account manager who joined the firm in July 2024.

The Reserve Bank of Australia has made its first rate call of 2025, with commentators questioning whether the central bank will join its global peers in softening monetary policy.

Fiducian Group has enjoyed double-digit growth in its FUMAA and NPAT for the first half of FY25, as it looks to boost adviser numbers to 150 through potential acquisitions.

Iress has appointed the former head of Count Financial to a newly created executive general manager position in its wealth APAC team.

The parliamentary inquiry into the sophisticated investor test (SIT) has recommended making the test less subjective in order to prevent abuse by AFSLs.