Australian Unity lashed by ASIC over TMD questionnaireBY JAMIE WILLIAMSON | THURSDAY, 6 JUN 2024 12:41PMAustralian Unity Funds Management has been told to stop offering its Select Income Fund, with ASIC saying retail clients are unlikely to understand the questionnaire used to determine whether they would be in the target market. Related News |
Editor's Choice
Netwealth factors First Guardian collapse into executive pay
Netwealth's board considered the First Guardian Master Fund collapse when determining executive variable remuneration for FY26, as shareholders overwhelmingly supported the company's remuneration report at its annual general meeting (AGM).
Longer lives challenge Australia's retirement model
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.
Further Reading
Products
Expert Feed
When geopolitics becomes a portfolio risk
Geopolitics is back - again - and Australian investors can no longer treat it as distant background noise.
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 ...
Digital assets and where they stand in 2026
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
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. |  |
