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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.

PX Partners recently hosted a webinar exploring what it means to be a CPS230 “Material Service Provider” (MSP) in today’s regulatory and operational landscape. The session covered practical insights and key considerations across the following areas: • Roles and responsibilities as an MSP • Taking a practical approach to process mapping • Establishing effective risk management settings • Aligning Business Continuity Plans (BCPs) and Disaster Recovery (DR) strategies • Meeting enhanced Due Diligence requirements

PX Partners recently hosted a webinar to share practitioner insights on: AML/CTF Changes – what to watch ahead of AUSTRAC’s 2026 AML/CTF reforms CPS 230 – enhanced expectations of APRA-regulated entities and downstream impacts on Material Service Providers (MSPs) Compliance Plans and Controls Uplift – aligning with evolving APRA and ASIC expectations

In light of the Australian Securities and Investments Commission’s (ASIC) recent review into  compliance plans across the managed investment industry, Responsible Entities (REs) are being urged to move beyond a legalistic, checkbox approach and adopt a more robust, risk-based mindset. The findings, published in ASIC’s media release 25-090MR, reveal systemic deficiencies in Compliance Plans and large scale non-compliance with Regulatory requirements.