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Pessimistic economic outlook detracts from ethical priorities: RIAA

RIAA/responsible-investing/sustainable-investing/financial-advice/

Ethical considerations fall down the list in terms of priorities for consumers seeking financial advice when there is a pessimistic economic environment, according to the RIAA study.

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CSLR updates on levy payable by financial advisers

CSLR/financial-advice/AFCA/Dixon/

The Compensation Scheme of Last Resort has determined the estimates for the first and second levy periods, including the proportion payable by financial advisers, ahead of its implementation next month.

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Prime Value appoints distribution director from Investors Mutual

prime-value-asset-management/Prime-Value/appointments/hires/Investors-Mutual/

Boutique Australian-owned fund manager, Prime Value Asset Management, has appointed a new director of distribution.

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100 days on from the final QAR response

quality-of-advice-review/Stephen-Jones/treasury/financial-advice/

What has happened in the financial advice space over the 100 days since Minister for Financial Services, Stephen Jones, announced the government’s final response to the Quality of Advice Review?

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The downsides of innovative retirement product development: Deloitte

Deloitte/retirement/treasury/financial-advice/retirement-costs/

The development of a broad array of innovative products should not be first priority for the industry when it comes to retirement and could drive up the cost of financial advice, according to Deloitte.

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Independent sustainable verification needed amid greenwashing crackdown

ASIC/RIAA/sustainable-investing/Australian-Ethical/responsible-investment/greenwashing/

Over three-quarters of consumers say they would be more likely to invest in products that were verified by an independent source as being responsible, with greenwashing fears on the rise.

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MFS appoints CIO amid CEO transition

MFS-Investment-Management/ceo/chief-investment-officer/

MFS Investment Management has appointed Alison O’Neill as its next chief investment officer.

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Winners and losers: Morningstar identifies 10 managers seeing largest redemptions

morningstar/outflows/redemptions/fund-flows/fund-management/

Traditional active asset managers will have to “perform and adapt, or lose”, according to Morningstar, naming 10 firms that have seen the largest inflows and outflows in the past year.

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How many licensees successfully filed their first IDR report?

ASIC/IDR/financial-reporting/

ASIC has issued its first update since the completion of the internal dispute resolution reporting, sharing the percentage of first-time reports that were submitted on time.

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The difficulty of monitoring crypto assets

ASIC/cryptocurrency/crypto-asset/Hall-and-Wilcox/

ASIC now has a 1:1 ratio when it comes to court success in the enforcement of crypto activities and more action is expected as Treasury seeks to introduce a regulatory framework.

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