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ASIC pushes to bolster competitiveness
The regulator has hosted a roundtable with financial services leaders to encourage competitiveness, as it fears Australia is falling behind its global peers.
Euroz Hartleys sells capital markets arm to Canada's BMO
Euroz Hartleys has sold its capital markets business to Canada's BMO Financial Group (BMO) for $145 million in an all-cash deal.
ETF adoption hits 'meaningful threshold' among SWFs
Nearly 40% of sovereign wealth funds have an allocation to ETFs, a new report from Invesco shows, underscoring their expanded roles among institutional investors as their rate of adoption hits a "meaningful threshold".
Super system to hit $12.4tn by 2045
Australia's superannuation system is forecast to triple in size over the next two decades reaching $12.4 trillion by 2045, as sustainable retirement outcomes become the sector's defining challenge.
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When geopolitics becomes a portfolio risk
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Does association membership still matter?
With all the changes the advice sector has experienced in recent years, such as regulatory reform and increased education and professional standards ...
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So far in 2026 digital assets have captured the headlines largely for the wrong reasons, but that doesn't tell the full story.
Rethinking default design in a changing market environment
The evolution underway in the US DC system highlights the value of periodically reassessing default design assumptions.
Featured Profile
Judith Fiander
CHIEF EXECUTIVE OFFICER
AUSTRALIAN PHILANTHROPIC SERVICES
AUSTRALIAN PHILANTHROPIC SERVICES
When Judith Fiander first walked in the doors of Australian Philanthropic Services her intention was to volunteer for a few months. Fast forward 14 years and she is the chief executive. Eliza Bavin writes.
Maybe ASIC staff should have to complete an annual exam to see if they know how to do their jobs.
Maybe AISC should have another exam for Metcraft.
'r b' and 'Steve C' - WELL SAID!! - and nowhere near as silly or funny as it sounds. A bit of 'take your own medicine' won't hurt the 'ol ASIC methinks. Get them tested to see if they act "in the best interests" of those put in their charge! And do it every year and make sure everyone at ASIC does an online CPD to ensure we can be sure they haven't forgotten how to look after those they are supposed to.
Unbelievable that ASIC were allegedly negligent like this. This truly puts risk advisers sins out to pasture compared to the hurt ASIC has, by their alleged inaction, caused the poor unfortunate investors who trusted Storm.
If I had servants in my home this bad they'd be sacked on the spot. The heads at ASIC deserve all they might potentially get in a law suit. Leave the reputable advisers alone and fix your own house first before you puff out your chest and think you know what is best for our industry. Gooses!
Levitt's are hoping 3,000 ex Storm investors will contribute $2,000 each to finance the case. It's taken 5 years to get settlements from the banks and some victims are still waiting. Many Storm investors were retirees - how many will be alive at the end of another protracted court case?