Government flags $10m provision for ASIC greenwashing enforcement

ASIC/APRA/greenwashing/sustainability/responsible-investment/

The latest budget papers have outlined a $10 million provision for ASIC greenwashing enforcement activity as well as funds for a sustainable labelling regime to be partially met by industry levies.

Read more about:

AUTHOR

Iress investigation finds breach affected OneVue

OneVue/platforms/iress/cyber-security/

Iress’ investigation of a cyber breach that occurred last weekend has found it affected its OneVue production environment which contains client data.

Read more about:

AUTHOR

Taking an active approach to credit investment

equity-trustees/credit/active-management/

Rather than taking a set-and-forget approach to credit investing, this investment specialist sheds light on why it is time for active management in the asset class.

Read more about:

AUTHOR

Cash weightings drop to 3-year low as allocators switch to bonds

Bank-of-America/fixed-income/bonds/inflation/RBA/interest-rates/

The latest monthly Bank of America global fund manager survey has found investors are starting to shift cash into bonds as cash allocations reach a three-year low.

Read more about:

AUTHOR

Chalmers hands down 2024–25 budget

Superannuation/federal-budget/Jim-Chalmers/treasury/inflation/wages/

Treasurer Jim Chalmers has handed down his third budget, outlining the government’s macroeconomic forecasts and changes to superannuation.

Read more about:

AUTHOR

How can advisers hyper-personalise their client offerings?

financial-advice/EY/wealth-management/

Financial advisers and wealth managers need to exceed their clients’ desires for personalisation, a new EY report writes, and the requirements for this will vary between client segments.

Read more about:

AUTHOR

Expect digital advice to prompt return of banks

BetaShares/banks/siaa/Stephen-Jones/

Betashares chief executive, Alex Vynokur, believes technology advancements will enable banks to return to financial advice in the future as the need for advice is greater than ever.

Read more about:

AUTHOR

ASIC bans Melbourne adviser over super transfer inducement

financial-advice/financial-advisers/banning/

The corporate regulator has permanently banned a Melbourne-based financial adviser who “dishonestly attempted to induce clients to transfer their superannuation into a bank account he controlled”.

Read more about:

AUTHOR

Strong adviser recruitment prompts Centrepoint earnings upgrade

centrepoint-alliance/licensees/john-shuttleworth/AFSL/

Centrepoint Alliance has upgraded its expected financial results for FY24, thanks to strong adviser recruitment and the acquisition of Queensland advice firm Financial Advice Matters.

Read more about:

AUTHOR

Former NSW adviser sees permanent ban upheld by AAT

ASIC/AAT/gambling/NSW/

ASIC has announced the Administrative Appeals Tribunal has upheld a former NSW-based adviser’s permanent ban following his conviction for fraud offences.

AUTHOR

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...

1 month 3 weeks ago

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

2 months 3 weeks ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

2 months 4 weeks ago

ASIC has canceled the AFSL of Sydney-based asset consultant and research firm....

3 weeks 5 days ago

ASIC has banned a Melbourne-based financial adviser for eight years over false and misleading statements regarding clients’ superannuation investments....

2 weeks ago

ASIC has banned a Melbourne-based financial adviser who gave inappropriate advice to his clients including false and misleading Statements of Advice....

1 week 5 days ago
moneymanagement logo