Editor's Choice
ASIC boasts $830m record civil penalties
ASIC has scored a whopping $830 million in civil penalty orders in the last financial year alone, a Freedom of Information (FOI) request revealed.
Infinity AM wins SMID fund mandate
Viridian Financial Group's Infinity Asset Management won a mandate to oversee a small to mid-capitalisation fund that was previously under the remit of Renaissance Asset Management.
New alternative investment firm lands in Sydney
A pair of Remara directors, along with an iPartners private credit specialist, have joined forces to launch a new alternative investment firm, targeting an underserved segment across the private credit market.
New 'high-risk' derivatives on the rise
An innovative financial product, known as perpetual futures contract (perps), are currently under the scope of the market regulator, spreading concerns that the "speculative" product may be unlawfully distributed towards retail investors.
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Blake Briggs
CHIEF EXECUTIVE OFFICER
FINANCIAL SERVICES COUNCIL
FINANCIAL SERVICES COUNCIL
Since becoming chief executive, Blake Briggs has renewed the Financial Services Council's influence, expanded the membership base, and strengthened its policy and advocacy credentials. Karren Vergara writes.







At stake is really the sabotaging of the excellent work of Real Financial Advisers who always have the interests of clients at heart (otherwise they will walk away) versus the interests of those Unionists and ex Labor Politicians (more than 300 of them) who get income as Trustees/Directors of Industry Funds. Industry Funds give NO ADVICE, do not check clients' Risk Profiles, hold franking credits for general admin expenses rather than directing them to the clients who took a risk earning the credits, take on risky investments by way of direct property and alternatives, provide poor returns compared with those which we give our clients, and (eg MTAA) misclassify asset allocations as "balanced". Industry Funds ARE NOT IN THE BEST INTERESTS OF INVESTORS. FOFA needs to be abandoned altogether! Industry funds need to be shut down! Keep lobbying COMRADES, I mean, COLLEAGUES!
well said