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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Netwealth factors First Guardian collapse into executive pay
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Australians could spend close to four decades in retirement, raising questions about how well the nation's retirement system accommodates longer lives and increasingly unpredictable exits from the workforce.
Macquarie lands new investment chief for wealth division
Macquarie Group has named the chief investment officer for its wealth management business, following the departure of the former incumbent.
ASIC forms markets expert advisory group
ASIC has formed a time-limited markets expert advisory group to provide the regulator with advice, market expertise and international perspectives.
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When geopolitics becomes a portfolio risk
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Featured Profile
Fiona Macgregor
GROUP CHIEF EXECUTIVE AND MANAGING DIRECTOR
TAL LIMITED
TAL LIMITED
Fiona Macgregor has risen through the ranks at TAL, taking the top job in 2024, but her life was touched by the insurance sector long before her tenure with the life insurer began. Eliza Bavin 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".