KWM Podcasts

FS Reg Room Episode 5: Investment platforms

King & Wood Mallesons

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 discussed

  • How platforms developed and why they remain adviser-driven
  • Differences between IDPS and superannuation governance obligations
  • Fallout from Shield and First Guardian and the focus on menu oversight
  • Due diligence, conflicts and DDO considerations
  • Growth of managed accounts and exposure to alternative assets