Court orders liquidation of Ascent Investment and Coaching

ASIC/federal-court/Ascent-Investment-and-Coaching/

The Federal Court has ordered Michael Dunjey’s Ascent Investment and Coaching Pty Ltd and its unregistered managed investment scheme, which owe $149 million to clients, be wound up.

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TAL Risk Academy announces new ethics training module

ethics/TAL/CPD/

TAL will deliver a learning program focused on the Code of Ethics that will count towards advisers’ CPD requirements, as part of its ‘Ethics Month’.

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BetaShares strengthens adviser services team

BetaShares/hires/

Two senior executives have been appointed to lead BetaShares’ distribution and client service efforts across Western Australia, Tasmania, South Australia, and Victoria.

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What was the March quarter inflation?

inflation/ABS/

The Australian Bureau of Statistics has revealed the latest CPI inflation figure for the March quarter of 2023 and whether it has fallen from last quarter’s 30-year high.

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Former Qld adviser imprisoned after $625k SMSF fraud

ASIC/SMSF/fraud/

A former Sunshine Coast adviser has been sentenced after pleading guilty to nine counts of fraud totalling $625k by withdrawing funds without authorisation from his clients’ SMSF accounts.

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Australia ahead on the Western inflation curve

interest-rates/inflation/HSBC/RBA/

Due to the nation’s sensitivity to the global economy, Australia could be leading Western central banks in the race against inflation.

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Is commercial real estate the ‘next penny to drop’?

commercial-property/banks/amp/Quay-Global-Investors/

Is it “too early” to call an end to the banking crisis amid uncertainty in the commercial property space, threatening to undermine the viability of highly exposed institutions?

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How a net zero future drives infrastructure asset growth

Magellan/clearbridge-investments/infrastructure/net-zero/

As the global economy moves toward a decarbonised world, large-scale utilities will be driving the move towards net zero, according to two infrastructure fund managers.

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Government provides $4.3m for ASIC greenwashing actions

ASIC/greenwashing/treasury/

ASIC is to receive an extra $4.3 million from the government to crack down on businesses making misleading sustainability claims as part of plans for an Australian Sustainable Finance Taxonomy.

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What can be done about adviser exam delays?

financial-advice/education/exam/

Long delays encountered by candidates sitting the financial adviser exam online are the result of “users’ system issues”, according to ASIC.

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