A shame ASIC's report on life insurers not out in the open
![Liberal MP Julia Banks during the bank hearings at Parliament House in Canberra.](/web/20161014160611im_/http://www.smh.com.au/content/dam/images/g/r/v/7/q/z/image.related.landscape.120x80.gs2lpm.png/1476435136942.jpg)
ASIC needs to be more proactive and more willing to point the finger at wrongdoers in the financial services industry.
ASIC needs to be more proactive and more willing to point the finger at wrongdoers in the financial services industry.
This week, the warring factions of the $2.3 trillion superannuation sector converged on Canberra to fight to keep the $6 billion business of selling life insurance products to super fund members.
Australia's cultural treasures and Australia's sporting capacities cannot be separated from our financial and social future.
A good chunk of Scott Morrison's budget problems could have vanished, just as they vanished for Peter Costello during mining boom at the start of the century.
The industry has serious issues and some insurers are making cannon fodder out of customers when assessing claims.
For decades the $44 billion life insurance industry has been allowed to operate like the Wild West.
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The world is facing up to the realities and challenges of a new era of economic malaise. But are Australian leaders really listening?
It felt surreal listening to Nick Abboud, the former head of collapsed retailer Dick Smith, at his final day testimony.
There is truth to the big four bank's claim that they face higher funding costs, but, as always, there's a catch.
The ABS and NAB have different ideas about how many first home buyers there actually are.
If the latest American Express PR campaign is anything to go by, more than a quarter of reward-points-chasing credit card users are even more hopeless with their money than previously thought.
Charlie has been leaping around since last Saturday shouting "a champion team will always beat a team of champions".
Among the top reasons managers hesitate to give feedback to their employees, according to a study conducted by LeanIn.Org and McKinsey, is fear the employee may have an "emotional breakdown".
Politicians haven't, and likely won't, extract meaningful concessions from the bank bosses.
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Logging native forests must be a front in the culture wars, because it's not economic.
The brutal reality was the hearing provided Narev with a perfect forum to frame the various scandals the way he wanted.
The value of being first or second in an Australian market has been highlighted once again.
What may happen, and what probably won't, starting with the scary - but in my view implausible - prospect that Deutsche Bank's woes could become a "Lehman moment".
It's time for another China disaster story. The world seems to have a decided appetite for them.
This afternoon Ian Narev, the Commonwealth Bank's chief executive, finds himself caught in conflicting political cross hairs. It promises to be an exquisite inquisition.
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Europe's banks are fast being enveloped by a perfect storm of negatives, and this time around, it is substantially the policymakers and law enforcers who are to blame.
We'd be better governed if more of the people in ministers' offices came from the Treasury department.
The brutal reality is this is a sector with poor protections and limited transparency.
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Keeping pay an in-house secret is damaging organisation performance, argue researchers.
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