The FIX is not in: local managers lag on trading standard

In this, managers’ fiduciary duties would be called on to moderate the money-making focus of investment banks. Such a relationship would give investment banks an opportunity to carve out a wider niche in the retirement savings market, Green added.

Gray also addressed super funds’ development of internal investment management divisions. “This would lead to a further blurring. You will find that the people managing the money will want to go after third-party business as well,” he said.

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APRA lays out AI expectations, warns on threat from ‘high capability’ models

The prudential regulator has written to super funds to warn them that their information security practices and governance are struggling to keep pace with an increasing number of AI threats – especially those posed by “high capability frontier models” like Anthropic Mythos.

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