ASIC needs tougher, direct powers: TaskforceBY KARREN VERGARA | THURSDAY, 9 NOV 2017 12:38PMASIC should be given tougher intervention powers to direct how an Australian financial services licensee addresses or prevents compliance failures. Related News |
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Jo Townsend named chief executive of NZ Super
One of Australia's most experienced superannuation executives will take the helm of New Zealand's sovereign wealth fund, following Matt Whineray's departure late last year.
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Novigi will wind up QMV Legal as its managing partner Jonathan Steffanoni embarks on launching a new specialist superannuation law firm.
Best super fund products revealed
The best superannuation fund products, based on factors such as investment performance, insurance, fees, and organisational strength, have been named.
Platinum bleeds $1.4bn in outflows
Platinum Investment Management flags it will lose at least $1.4 billion as a partial redemption from institutional clients over the next month, translating to an $18 million hit to revenue.
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Fiona Mann
HEAD OF LISTED EQUITIES AND ESG
BRIGHTER SUPER
BRIGHTER SUPER
Brighter Super head of listed equities and ESG Fiona Mann was shaped by a childhood steeped in military-like discipline and global nomadism. Andrew McKean writes.
We have spent the last 12 months designing a professional indemnity policy for AFSL holders.During our market research and discussions with ASIC, we have identified more than 1000 companies who are not licensed who should be licensed, and that number is growing daily. As well many of the companies registered are underinsured re PI insurance, and literally don't care because in their words: "who checks and it's too expensive anyway".