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Pengana takes WAM feud over PIA to Takeovers Panel
Pengana Capital Group is again attempting to thwart the Wilson Asset Management-led board's share buyback and increased ownership in the Pengana International Equities LIC (PIA), hoping the Takeovers Panel will intervene.
ASFA welcomes Rest executive to C-suite role
ASFA has named a new C-suite appointment, set to join on September 21 from Rest to strengthen its policy implementation initiative.
WT Financial takes majority stake in TNT Advisor
WT Financial has acquired a 70% stake in paraplanning provider, TNT Advisor Solutions (TNT), for $2.4 million.
State Super announces new board appointment
State Super, the SAS Trustee Corporation, has named a new member of its board, saying the appointment will add to the trustee's governance structure.
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Featured Profile
Liza McDonald
HEAD OF RESPONSIBLE INVESTMENT
AWARE SUPER
AWARE SUPER
Liza McDonald would have you believe her path from a legal secretary to the head of responsible investment at Aware Super was a matter of good fortune. Her career says otherwise. Riddhima Talwani writes.
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.