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Every August, the Australian Securities and Investments Commission publishes a corporate plan. On the surface it is a compliance document, required under the Public Governance, Performance and Accountability Act 2013.
Almost five years on from the commencement of the Design and Distribution Obligations (DDO) in October 2021, the expectations around how Fund Issuers oversee their distributors have moved on considerably.
Artificial Intelligence (AI) has rapidly evolved from experimental use cases such as document summarisation and basic automation to being embedded across critical processes within Australian financial services via agents and automation of key activities and tasks.
APRA has sharpened its expectations on investment governance and, over the past year, begun backing them with enforcement. The standards apply with equal force
ASIC's recent directive to superannuation trustees represents more than regulatory oversight - it signals a fundamental shift in expectations for an industry custodian of $4.3 trillion in Australian retirement savings.
Five years ago, we established PX Partners with a clear mission: to provide an alternative to the traditional consulting model by delivering practitioner led, client aligned, practical and sustainable solutions. What began as a boutique consultancy has since grown into a trusted partner for a diverse portfolio of clients across the financial services landscape and beyond – particularly in funds management, superannuation, and insurance. Because we put our clients and their end-customers at the centre of our work, we’re proud to report that over 90% of our engagements come from our existing clients and referrals by our clients.