FS Reg Room Episode 5: Investment platforms

12/12/2025 35 min
FS Reg Room Episode 5: Investment platforms

Listen "FS Reg Room Episode 5: Investment platforms"

Episode Synopsis

This episode examines the regulatory and governance developments shaping investment platforms, and the Shield and First Guardian failures. Partners Nathan Hodge and Stephen Jaggers discuss the evolution of IDPS and superannuation platforms, key structural differences, and the emerging regulatory expectations influencing how these products are designed, governed and monitored.Key topics discussedHow platforms developed and why they remain adviser-drivenDifferences between IDPS and superannuation governance obligationsFallout from Shield and First Guardian and the focus on menu oversightDue diligence, conflicts and DDO considerationsGrowth of managed accounts and exposure to alternative assets