Australian Securities and Investments Commission (ASIC)

Hedge Funds

The super challenge of data and analytics

Super funds’ demand for data has increased exponentially amid the renewed focus on governance and transparency of the last five years. Not surprisingly, these requirements emerged as a strong theme in our recent study of the challenges facing the superannuation industry, Evolving Superannuation Funds for the Future. Several interlinked factors are forcing funds to revamp […]
Policy and Regulation

ASIC strategy: targeted surveillance

The Australian Securities and Investments Commission (ASIC) will be taking a targeted surveillance approach to how superannuation funds undertake intra-fund advice, with particular regard to disclosure and transparency. The focus falls under the regulator’s facilitated-compliance approach as My Super kicks in at the beginning of July, according to Gerard Fitzpatrick, senior executive leader for investments […]
Investment Strategy

Media Super wary of SMSF grab

Retail advisers placing clients into self-managed superannuation funds (SMSFs) have come under fire from Media Super chief executive Graeme Russell. In his first week on the job, Russell told IM that industry funds are seeing members being rolled out into SMSFs despite meagre savings, and industry has to take note. “Every fund’s seeing people being […]
Investment Strategy

IAC: transparency and efficiency amid change

Transparency and efficiency amid industry change was the focus of last week’s 2013 Investment Administration Conference, held in Sydney. John Brogden, chief executive officer of the Financial Services Council closed proceedings with a keynote address on the state of the nation, discussing the potential outlook for financial services and the roles of its players. Pierre […]
Investment Strategy

ASIC calls for better risk management

Corporate regulator, the Australian Securities and Investments Commission (ASIC) has emphasised the importance of risk management in the funds-management industry after a “proactive review” found that the “sophistication of risk-management systems varied greatly.” “While they generally had adequate risk-management systems adapted to the nature, scale and complexity of their financial services businesses, we observed that […]