Senate calls to overhaul super fund boardsBY ELIZA BAVIN | FRIDAY, 14 FEB 2025 12:48PMThe report, which calls for major reforms to board appointments, has been slammed as "rushed" and "unserious". Related News |
Editor's Choice
Corporate, governance issues fuel whistleblower tipoffs: ASIC
The corporate regulator received nearly 2000 tip offs from whistleblowers in the last financial year, a whopping 183% jump annually, the majority of which relate to corporate and governance issues.
Platinum awards mandate, changes fund name
Platinum Asset Management has awarded a mandate to a US-based investment manager to oversee investment capabilities in a 20-year-old fund, simultaneously altering the name to reflect the update.
Workplace mental ill-health can cost Australia $27bn: Report
Workplace mental health issues are directly costing the Australian economy $12 billion per annum in lost gross domestic product (GDP), with the cost set to rise by more than 125% over the next 15 years in excess of $27 billion a year.
ASX turns up heat on Clime Capital following KPMG scrutiny
The ASX has also raised concerns over Clime Capital's valuation of its unlisted assets portfolio and the qualified opinion that was eventually handed down by its auditor KPMG.
Further Reading
Products
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. |  |
The responses by the union movement and the Labor government are totally predictable.
The term "independent director" does not imply a member from any particular industry, profession, or area. It only implies that a director have no interests or connections that will adversely or be in conflict with their responsibility to make only judgements according to the legislated responsibilities of superannuation funds. Vis: that every dollar spent by a super fund must be 100% guaranteed and proven to be in members financial interests.
Most other comments and criticisms by the unions and Labor government are hyperbole and the standard defence of people who know their their allegations and modus operandi will not stand up to clear cut analysis.