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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Australian Ethical ups fees across most super options
Australian Ethical has increased fees across most of its superannuation investment options shortly after decreasing them earlier in the year.
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Shopping centre owners Scentre Group and Vicinity Centres have almost $80 million a year in rent at stake after Australia's iconic David Jones went into voluntary administration following 188 years of trading.
Australian Unity executive to retire
A long-serving Australian Unity executive, who has been instrumental in developing of a $2.8 billion trust, is bidding farewell to the organisation after 25 years, as he prepares for retirement.
Instos lower active risk to 'eke out more alpha': Acadian
Large superannuation funds are reallocating from their passive books, and in some cases away from discretionary managers, and moving it into lower-risk systematic strategies, according to Acadian Asset Management (AAM).
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Jacqueline Fernley
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ARC POINT OCIO PTY LTD
Jacqueline Fernley is a self-confessed nerd, a market animal and as of this year, her own boss. Riddhima Talwani writes.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
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".