Adele Ferguson

Adele Ferguson

Adele Ferguson comments on companies, markets and the economy.

Adele Ferguson

Timbercorp liquidator offers to cut a deal with victims

Adele Ferguson The liquidator of collapsed Timbercorp has written to thousands of victims offering to cut a deal on the $490 million still owed, including offering a hardship assistance program, if they come...

Venture

Taxi app goCatch teams rich-list backers to take on Cabcharge

Taxi cabs

Adele Ferguson On Friday, some of the country’s most successful entrepreneurs and rich-list families backed an equity raising of taxi booking and payments app goCatch in the race to “break apart”...

Comments 11

Register of financial planners pre-empts government site

Adele Ferguson dinkus

Adele Ferguson A national register of financial planners armed with a consumer-led rating system could become a ''game changer'' for an industry that lacks transparency and has raised alarm bells for years.

Financial planner register pre-empts government site

Adele Ferguson A national register of financial planners armed with a consumer-led rating system could become a “game changer” for an industry that lacks transparency and has raised alarm bells for...

Adele Ferguson

High stakes as Coca-Cola Amatil jets into Atlanta to resolve Indonesia issue

Adele Ferguson As the board of Coca-Cola Amatil jets into midtown Atlanta for a three-day visit with its major shareholder, Indonesia has been flagged as a key topic of discussion – and heated debate.

Watchdog report finds one in three customers receive poor life insurance advice

Life insurance

Adele Ferguson Teagan Couper was stunned when she heard that one in three customers receive shoddy advice on life insurance policies according to a study by the corporate regulator into the $44 billion life...

Adele Ferguson

ANZ goes above and beyond with a letter to the lawmakers

Adele Ferguson dinkus Dinkus

Adele Ferguson ANZ deputy chief executive Graham Hodges has written to politicians offering to deal with any victims of collapsed Timbercorp who lost money after being “poorly advised” by one of the...

Consumers are forgotten in the rush to wind back Future of Financial Advice legislation

Adele Ferguson dinkus

Adele Ferguson As the clock ticks for the Coalition to push through financial advice reforms before the end of the year, politicians should take the politics out of the vote and think about the policy implications...

Half-baked push leaves FSC red-faced

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Adele Ferguson If there is one thing the financial services sector can agree on it is that public trust in the financial planning industry has hit rock bottom.

Alarm bells should sound over company health

Adele Ferguson dinkus Dinkus

Adele Ferguson A survey of audit reports showing nearly a third of ASX-listed companies in 2013 have been classified as at risk of ''financial castastrophe'' should send alarm bells ringing.

Surge in auditor warnings for ASX-listed companies

ASX

Gareth Hutchens and Adele Ferguson The number of Australian companies receiving warnings from auditors about their financial health has jumped to a higher level than that seen during the global financial crisis, new research shows.

Finance

Penske File exposed: Macquarie Group's cheat sheet made public

Macquarie logo

Adele Ferguson and Ben Butler It is the cheat sheet at the centre of the Macquarie Private Wealth scandal that the millionaires' factory and the corporate regulator, the Australian Securities and Investments Commission, refuses...

Adele Ferguson

Macquarie Group file shows cheating on financial adviser exams must be stamped out

Adele Ferguson dinkus Dinkus

Adele Ferguson As the minister for finance Mathias Cormann gets set to ram through his amendments to financial advice reforms, the issue of low educational requirements and institutionalised cheating on exams is...

Life insurance industry next to feel ASIC blowtorch

Life insurance

Adele Ferguson Some of the more unsavoury practices of the country's multibillion dollar life insurance industry will be put under the blowtorch next week, including the insidious practice of advisers "churning"...

Shock as real estate franchise enters financial planning market

Adele Ferguson dinkus Dinkus

Adele Ferguson One of the country's biggest real estate agencies Ray White has stunned the financial services industry by setting up a financial planning arm at a time when the sector is suffering from a crisis in...

Finance

Macquarie writes to dead people

Macquarie bank logo

Adele Ferguson and Ben Butler Macquarie Private Wealth has sent letters to dead people as part of its mailout to 160,000 current and former clients who may have received shoddy financial advice.

Adele Ferguson

Turning up the heat on property market

Adele Ferguson dinkus Dinkus

Adele Ferguson As the boards of the country’s listed property trusts search for growth options to feed an investor addiction to yields, an already hot property sector is expected to reach boiling point as...

Adele Ferguson

Super fund governance overdue for overhaul

Adele Ferguson dinkus Dinkus

Adele Ferguson When the Coalition came to power a year ago it promised a big shake-up in the corporate governance standards of the country's $1.6 trillion superannuation.

Timid ASIC under fire over crackdown inconsistencies

Adele Ferguson dinkus Dinkus

Adele Ferguson Peter Holt is not the only financial adviser that has ASIC has been accused of going light on.

Finance

Macquarie Private Wealth: ASIC denies losing Penske File

The corporate watchdog alleges Healthzone's former executive chairman Peter Roach obtained a loan from the company under false pretenses.

Ben Butler, Adele Ferguson The corporate regulator has denied losing a document, known as the Penske File, allegedly used by financial advisers at Macquarie Group to cheat on continuing professional development exams.