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Early access undermines super's purpose: Mulino
|Assistant treasurer Daniel Mulino took an aim at plans by the opposition to let Australians dip into their super early, stating weakening preservation would undermine intergenerational protections and hurt the most vulnerable.
ASIC ups thresholds for NTA requirements
|ASIC has introduced new rules that will require managed investment schemes (MISs) to increase minimum financial thresholds in their net tangible assets (NTAs).
The risks keeping APRA's new deputy chair up at night
|The Australian Prudential Regulation Authority's (APRA) new deputy chair David Bradbury said the risks that keep him awake at night are those with the potential to threaten the financial stability of the super system or cause catastrophic losses for members.
Merricks Capital operating chief joins PC firm
|Former Merricks Capital chief operating officer has joined a specialised private credit firm after overseeing Merricks Capital's financial and operational businesses for the past six years.
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David Sharpe
CHAIRMAN
FINANCIAL ADVICE ASSOCIATION AUSTRALIA
FINANCIAL ADVICE ASSOCIATION AUSTRALIA
A family man, business owner, cricket fanatic and financial adviser, David Sharpe has many facets. One of his biggest legacies, as he steps down as chair of the Financial Advice Association Australia, is leaving the profession stronger than he found it.







The cat is dead. It's been dead for three years. What you're seeing is FrankenCat - it looks alive only because central banks have taken over debt markets.
Sorry Ben,
"In one of the clearest signal yet that it's about to act, ECB chief Mario Draghi declared that "The strengthening of the exchange rate requires further monetary stimulus. That's an important dimension for our price stability."
So the ECB will embark on another round of 'stimulus', through monetary channels that largely stop with insolvent euro financial institutions? My original 'crucifixion' of your comment was not that central banks wont act, but the giant logical leap that that such actions will 'support sustainable growth'.
My point is there is very little reliable evidence to support such a notion, only hypotheticals of what might have been. Today's snippets of 2 in 1000 data points and the jawboning of an ECB banker are nice distractions as they are every trading day, but miss the point completely.
If you want to discuss how such distractions are likely to affect short term market pricing and possibly stay a Faber style correction, sure , I'm not inclined to disagree! But linking Draghi comments and the FED's actions to actual improvement in economic fundamentals beyond staying a global banking meltdown in 08/09.....That remains speculation and critical analysis is something that will only be possible ex post, probably the next crisis!