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Apostle taps former Platinum AM chief
Apostle Funds Management has appointed a new chief executive following the departure of managing director Mitchell Gunman earlier this year.
LRBA ban raises questions as new details emerge
New data indicates the impact of the LRBAs ban for SMSFs may have been underestimated, which will affect a market significantly larger than what officials suggested, with major implications for housing supply and competition in the mortgage market.
IFM acquires shopping centre portfolio for $300m
IFM Investors has acquired a shopping centre portfolio to be developed and built by Australian-owned developer-builder Oreana with a value of approximately $300 million, as it seeks to harness a surge in convenience-based shopping.
VanEck targets tech thematics with trifecta launch
VanEck is bringing three ETFs to life for local investors to access thematic investments across several emerging technology sectors, including what it says is "Australia's first dedicated quantum computing ETF."
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Featured Profile
Hugh Killen
MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER
AUSTRALIAN AGRICULTURAL COMPANY LIMITED
AUSTRALIAN AGRICULTURAL COMPANY LIMITED
For Hugh Killen, several life lessons came from spending time on pastoral properties stretching across northern New South Wales and South-West Queensland.
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.