Claire Mackay joins ASIC advisory panel

ASIC self-managed super fund financial services companies australian taxation office australian securities and investments commission australian prudential regulation authority ASX chairman money management

30 October 2014
| By Malavika |
image
image
expand image

Quantum Financial principal Claire Mackay has been appointed to the external advisory panel of the Australian Securities and Investments Commission (ASIC).

As the first financial planning practitioner on the board, Mackay will represent the financial planning profession as ASIC beefs up surveillance of the advice arms of the big banks and financial services companies, and looks for quicker reporting of planner misconduct.

"Claire's extensive experience, particularly in the financial advice sector, will be a valuable resource for the panel," ASIC Chairman Greg Medcraft said.

Mackay is the youngest member of the panel, which includes former Australian Federal Treasurer Peter Costello, Chair of ASX and University of New South Wales chancellor David Gonski, Australian Super CEO Ian Silk, and former chair of the Australian Prudential Regulation Authority John Laker. 

Mackay is a member of the Australian Taxation Office's Superannuation Industry Relationship Network as a super and self-managed super fund expert representing the financial planning profession.

She won the pro bono award at Money Management and Super Review's Women in Financial Services Awards in 2013.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

1 month 3 weeks ago

This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...

2 months ago

Interesting. Would be good to know the details of the StrategyOne deal....

2 months ago

SuperRatings has shared the median estimated return for balanced superannuation funds for the calendar year 2024, finding the year achieved “strong and consistent positiv...

2 weeks 2 days ago

Original bidder Bain Capital, which saw its first offer rejected in December, has returned with a revised bid for Insignia Financial....

1 week 2 days ago

The FAAA has secured CSLR-related documents under the FOI process, after an extended four-month wait, which show little analysis was done on how the scheme’s cost would a...

1 week ago

TOP PERFORMING FUNDS