In our latest podcast episode Inside ASIC we look at some of the big issues with insurance after recent devastating natural disasters in Australia.
We dive into a report ASIC’s just released about what insurers need to do to lift their game and look at why the loss of a home or property is just the start of what can be a long and stressful battle for Australians to rebuild disrupted lives.
In this episode of Inside ASIC we caught up with:
ASIC Commissioner Alan Kirkland
Julia Davis Senior Policy & Communications Officer at the Financial Rights Legal Centre
The content and information is not intended to be financial advice and that consumers should seek independent financial advice on any matters discussed.
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14:24
4. First Nation issues
What is our corporate regulator doing specifically to drive positive outcomes for Aboriginal and Torres Strait Islander peoples?
In this episode of Inside ASIC we’re going to be looking at some of the work being driven by the specialist Indigenous Outreach Program team within ASIC. It’s not work that gets a lot of attention in the national media - but it’s a critical piece of what the Commission does when serious financial harm is at stake.
Danille Abbott - who’s a senior manager of the Indigenous Outreach Program.
Jessica Naimo is a senior lawyer at ASIC
Senior Financial counsellor and Boandik woman Bettina Cooper who helped build the First Nations debt helpline, called Mob Strong Debt Help.
24-084MR ASIC orders end to Centrepay credit arrangements in Urban Rampage stores | ASIC
Further information:
ASIC’s Indigenous Outreach Program | ASIC
Moneysmart: Indigenous - Moneysmart.gov.au
The podcast and information contained is not intended to be financial advice and consumers should seek independent financial advice on any matters discussed.
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14:08
3. Cleaning Greenwashing
There are a host of companies making claims about their environmental credentials.
For ASIC this has been a serious focus as many financial products like super funds have made green claims about how they invest… but simply can’t stack them up.
Vanguard Investments Australia was ordered to pay a record $12.9 million penalty for making misleading claims, Mercer Super was ordered to pay $11.3 million, and Active Super copped a penalty of $10.5 million for greenwashing misconduct.
This episode features:
Marita Hogan - who’s the Senior Executive Leader, Enforcement and Compliance at ASIC
Andrei Bacu is an ASIC Analyst with the superannuation team
Professor Jeremy Moss from the University of New South Wales
ASIC Media Release: 24-061MR ASIC wins first greenwashing civil penalty action against Vanguard | ASIC The podcast and information contained is not intended to be financial advice and consumers should seek independent financial advice on any matters discussed.
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14:34
2. Public Private Markets
We might just be witnessing a really fundamental change in Australia’s financial markets to the the rise of private markets.
Through superannuation investments, many Australians have indirect exposure to private assets. Private markets operate differently than public markets and are inherently less transparent.
In this episode of Inside ASIC we are all about understanding private versus public markets. Why it matters - and what’s the role of our corporate regulator when these deals are being done behind closed doors, with:
Senior Executive Leader Market Conduct Andrew Templer
Senior Executive Leader Strategic Projects Jane Eccleston
Carole Comerton-Forde - Professor of Finance at Melbourne University
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1. Not so Super
Amid tales of grieving families and people with disabilities left waiting for payments from their superannuation fund, ASIC turns a spotlight the sector.
In this episode of Inside ASIC we caught up with:
Pippa Lane, Acting Senior Executive Leader - Superannuation and Life Insurance at ASIC
Xavier O’Halloran, the CEO of Super Consumers Australia
The content and information is not intended to be financial advice and that consumers should seek independent financial advice on any matters discussed.
The official podcast of the Australian Securities and Investments Commission (ASIC).
The Australian Securities and Investments Commission is one of the busiest law enforcement agencies in the country.
In Inside ASIC we look at what it takes to keeps the financial markets and consumers safe. The podcast gives insight into the workings of ASIC and hears from the people involved. Each episode of the podcast showcases a different area of the work of our people as told by our staff, plus interviews with Commissioners and external guests.
You’ll hear from key players inside ASIC on everything from protecting consumers from increasingly sophisticated scams to cracking down on greenwashing and holding super funds to account.
The latest series of Inside ASIC is here: https://open.spotify.com/show/2itvIwJWHm5qhws9Z8dyiT?si=zHeqtwVdRqSHShBKZkjSZQ
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