Greenwashing enforcement viewed as possible RI investment deterrent

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

| By Rhea Nath |

The latest annual RIAA report has found concerns or mistrust around greenwashing by investment managers almost tripled this year, with 62 per cent citing it as a deterrent to responsible investment growth.

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RIAA

greenwashing

responsible investment

sustainable investing

ASIC

AUTHOR

Rhea Nath

Rhea L Nath is a journalist at Money Management. She has previously worked as a business reporter with Dynamic Business and journalist in the multicultural media with Indian Link Media Group. In 2022, she was named Young Journalist of the Year at the NSW Premier’s Multicultural Communications Awards.

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CBA’s $50m consumer credit insurance class action settlement approved

CBA/insurance/class-action/

| By Staff |

Financial planning

The Federal Court has approved Commonwealth Bank’s $50 million settlement in the consumer credit insurance class action.

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CBA

insurance

class action

AUTHOR

Advice gap ‘clear to see’ as cost of living bites

CFS/challenger/financial-advisers/financial-advice/retirement/

| By Jasmine Siljic |

Financial planning

Two new reports from CFS and Challenger have highlighted the benefits consumers gain from seeking advice as over half of those aged 50 and over fear outliving their savings amid the cost-of-living crisis.

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AUTHOR

Jasmine Siljic

Jasmine Siljic is a journalist at Money Management. Prior to joining MM, she also worked across other Momentum Media brands as an intern and cadet journalist. She recently completed a Bachelor of Media and Communications at Macquarie University.

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ASIC’s August exam sees highest pass mark of 2023

ASIC/exam/

| By Rhea Nath |

Financial planning

The corporate regulator has revealed the results of its August financial adviser exam, which has delivered the highest pass mark of the year so far.

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ASIC

exam

AUTHOR

Rhea Nath

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Female advisers comprise less than a quarter of the profession

female-advisers/Wealth-Data/adviser-numbers/Women-in-Business/

| By Jasmine Siljic |

Financial planning

According to Wealth Data, less than a quarter of all financial advisers on the ASIC FAR are women, with the accounting and super fund business models having the highest number of female advisers.

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AUTHOR

Jasmine Siljic

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Two CEOs join FSC board

FSC/boards/Alexis-George/Matt-Rady/BT/amp/

| By Laura Dew |

People & Products

The Financial Services Council has appointed two financial services chief executives to join its board.

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AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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National merger to create $64bn financial services business

Invest-Blue/ironbark/merger/

| By Laura Dew |

People & Products

Two national financial services businesses are set to merge this month to create a $64 billion diversified firm with more than 500 staff, striving to become ‘Australia’s trusted home for great advice’.

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Invest Blue

ironbark

merger

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Lack of insurance advice leaving behind underinsured consumers

MLC-Life-Insurance/Adviser-Ratings/life-insurance/financial-advice/risk-advice/

| By Laura Dew |

Financial planning

Less than half of advisers wrote a life insurance policy in the first half of the year, according to Adviser Ratings, while Deloitte has identified a group of underinsured consumers emerging as a result.

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AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Which Australian states are attracting the most retirees?

retirement/Superannuation/ABS/

| By Rhea Nath |

Financial planning

New data from the Australian Bureau of Statistics has revealed which states are seeing growth in their retiree populations and becoming the go-to destination for older Australians.

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retirement

Superannuation

ABS

AUTHOR

Rhea Nath

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Going for broke: The advisers stealing to feed gambling addictions

gambling/financial-advisers/financial-advice/crime/ASIC/mental-health/wellbeing/Hayne-Royal-commission/

| By Laura Dew |

Features

With three separate financial advisers facing criminal proceedings this year having struggled with gambling problems, access to client money combined with a stressful job can be a “perfect storm”, according to experts.

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Hayne Royal commission

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Greenwashing enforcement viewed as possible RI investment deterrent

AUTHOR

Rhea Nath

Rhea 's social profiles:

CBA’s $50m consumer credit insurance class action settlement approved

AUTHOR

Advice gap ‘clear to see’ as cost of living bites

AUTHOR

Jasmine Siljic

Jasmine 's social profiles:

ASIC’s August exam sees highest pass mark of 2023

AUTHOR

Rhea Nath

Rhea 's social profiles:

Female advisers comprise less than a quarter of the profession

AUTHOR

Jasmine Siljic

Jasmine 's social profiles:

Two CEOs join FSC board

AUTHOR

Laura Dew

Laura 's social profiles:

National merger to create $64bn financial services business

AUTHOR

Laura Dew

Laura 's social profiles:

Lack of insurance advice leaving behind underinsured consumers

AUTHOR

Laura Dew

Laura 's social profiles:

Which Australian states are attracting the most retirees?

AUTHOR

Rhea Nath

Rhea 's social profiles:

Going for broke: The advisers stealing to feed gambling addictions

AUTHOR

Laura Dew

Laura 's social profiles:

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