Editor's Choice
The 'blind spot' costing advisers nearly $10bn: Research
Research from Elemnta indicates financial advisers do not realise they are expending nearly twice as much effort on non-advised operations, highlighting a perception gap and challenges related to data collection and access, which cost 6000 practices about $9.36 billion in "destroyed enterprise value".
Canadian pension giant takes 20% stake in La Trobe
Canadian public pension fund OMERS has taken a minority stake of nearly 20% in La Trobe Financial from Brookfield.
ASIC issues another stop order for private credit fund
ASIC has issued an interim stop order on the Murdoch Clarke Mortgage Fund, issued by Murdoch Clarke Mortgage Management, prohibiting it from offering, issuing, selling or transferring interests in the fund.
Inheritors struggle to act on financial advice: Survey
Australia's wealthy inheritors are making major financial decisions before they feel ready, with new research highlighting a gap between receiving professional advice and having the confidence to act on it.
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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
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 Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
What a stupid attitude from Medcraft. Does this mean before anyone hires an electrician they should know all the rules and obligations of an electrician's duties before hiring? Does Medcraft know what he is getting paid to do? In fact what does he think he is getting paid to do? Yep let's all get in our cars and speed. The police won't get us - that will be our responsibility. Wake up to yourself Medcraft or get lost in your own fantasy world.
Unbelievable - what is ASIC role?
Medcraft is already in charge of the most useless government department I have ever dealt with, and now he makes this ridiculous statement.
If ASIC reported to a Minister then we may be able to have things changed but unfortunately there is no Minister responsible for ASIC.
ASIC does not answer to anybody, maybe if this changed we would see something positive and useful come from ASIC
These comments appear to be the ranting of someone who is incredibly arrogant or delusional.
My life insurance company is ignoring my request for assurance that my Whole of Life policies, which I have been paying into for decades, are being managed equitably, despite plummeting performance.
According to Mr Medcraft, whose organisation ASIC should be trusted by no one, expects me to educate myself by obtaining a degree in actuarial studies to understand the complexities of these policies.