In this episode of the Daily Financial Services News Wrap, fintech leader, Iress, unveils an innovative market intelligence platform, FundsFlow. With its wide-ranging view of investment flows and trends, FundsFlow represents an exciting development in the industry. Pending legislative Division 296 reforms are set to impact superannuation funds, highlighting the need for greater transparency and compliance. Meanwhile, MySuper default-type funds record impressive returns for 2024/25, attesting to the potential of effective retirement planning. Finally, the Australian Prudential Regulation Authority (APRA) enforces stricter conditions on financial services firm KeyInvest following identified risk management deficiencies, emphasizing the importance of adherence to compliance standards.
