Editor's Choice
ASIC issues 'wake-up call' to trustees on member complaints
|The corporate regulator is calling on superannuation trustees to improve oversight of issues arising from member complaints, noting many are not doing enough to use complaints as early warning signs of broader issues.
Aware Super expands Challenger partnership for lifetime income solution
|Aware Super has moved to expand its retirement income offering through a partnership with annuity provider Challenger, as superannuation funds face growing pressure to help members turn accumulated savings into sustainable income.
FBI accuses North Korea of $9bn Binance crypto heist
|North Korea has been accused of being the culprit behind the $9 billion (US$6.3bn) cryptocurrency heist from global digital asset platform Binance that took place last week.
ASIC takes action on Falcon Capital directors
|ASIC is suing the directors of Falcon Capital, the responsible entity for the failed First Guardian Master Fund, alleging "serious and widespread failures" in their oversight.
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Featured Profile
Jacqueline Fernley
CHIEF EXECUTIVE OFFICER
ARC POINT OCIO PTY LTD
ARC POINT OCIO PTY LTD
Jacqueline Fernley is a self-confessed nerd, a market animal and as of this year, her own boss. Riddhima Talwani writes.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
I don't think QANTAS can blame their plight on Australians saving. Plenty of good companies made money this year in a so called 'frugal' environment. Just as plenty of bad companies lose money in good times. Sooner or later the share price catches up with reality. As the maestro says "when the tide goes out you learn who is swimming naked". Can one of our papers please make that cartoon this weekend - a cartoon of Alan Joyce caught at low tide in his birthday suit.
Thanks for your comment Stu and nice to hear back again from you.