Financial Standard Comments - Investors should take responsibility for themselves: Medcraft

Comment by peter wallice (no company)

peter wallice (no company) — Wed, 25 Jun 2014 19:06:51 +1000

What a stupid attitude from Medcraft. Does this mean before anyone hires an electrician they should know all the rules and obligations of an electrician's duties before hiring? Does Medcraft know what he is getting paid to do? In fact what does he think he is getting paid to do? Yep let's all get in our cars and speed. The police won't get us - that will be our responsibility. Wake up to yourself Medcraft or get lost in your own fantasy world.

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Comment by Ross Cardillo (Ross Cardillo Financial Services)

Ross Cardillo (Ross Cardillo Financial Services) — Thu, 26 Jun 2014 12:44:51 +1000

Unbelievable - what is ASIC role?

Medcraft is already in charge of the most useless government department I have ever dealt with, and now he makes this ridiculous statement.

If ASIC reported to a Minister then we may be able to have things changed but unfortunately there is no Minister responsible for ASIC.

ASIC does not answer to anybody, maybe if this changed we would see something positive and useful come from ASIC

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Comment by Peter Gough (Retired)

Peter Gough (Retired) — Tue, 22 Jul 2014 16:04:17 +1000

These comments appear to be the ranting of someone who is incredibly arrogant or delusional.

My life insurance company is ignoring my request for assurance that my Whole of Life policies, which I have been paying into for decades, are being managed equitably, despite plummeting performance.

According to Mr Medcraft, whose organisation ASIC should be trusted by no one, expects me to educate myself by obtaining a degree in actuarial studies to understand the complexities of these policies.

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