Jones promises ‘ambitious’ climate agenda in 2023–24 Budget

ACSI/federal-budget/Stephen-Jones/climate-change/

Speaking at the 2023 ACSI Annual Conference, Minister Stephen Jones said the government would prefer doing “too much too soon, not too little too late” on its sustainability agenda.

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Ord Minnett pays $888k penalty

equities/ord-minnett/ASIC/

Wealth manager and stockbroker Ord Minnett has paid $888k to comply with an infringement notice from the Markets Disciplinary Panel regarding a buy-back.

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Why this licensee CEO won’t discount the role of finfluencers

finfluencers/social-media/ASIC/insignia-financial/renato-mota/

Although finfluencers tend to “swim outside the safety flags”, Insignia chief executive Renato Mota believes they signal an unmet demand from a younger generation seeking advice and information.

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Students launch class action after unaccredited advice degree

university/education/FASEA/professional-year/class-action/

Almost 20 students have filed a class action against James Cook University after discovering their financial planning degrees had not received accreditation, leaving them unable to secure jobs.

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Sustainable fund inflows plunge by 91%: Morningstar

Vanguard-Australia/morningstar/sustainable-investing/sustainable-funds/ESG/

Morningstar research has seen inflows to sustainable funds fall by 91 per cent in the past quarter, with passive giant Vanguard reporting rare net outflows after the firm received infringement notices for alleged greenwashing.

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RBA makes latest cash rate call

RBA/interest-rates/inflation/Phil-Lowe/

The central bank’s monetary policy board has announced its cash rate decision amid mixed signals from the domestic and global economy.

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Future Super targeted by ASIC over alleged greenwashing

ASIC/greenwashing/Superannuation/Future-Super/

Future Super has received an infringement notice from ASIC over alleged greenwashing, this time related to a social media post by the fund, following earlier action against Mercer Super.

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ASX-listed fundie enters US market with strategic acquisition

moelis-Australia/private-credit/acquistion/

An Australian asset manager has launched a global credit fund after acquiring a New York-based investment management group.

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Will RBA continue rate pauses following inflation peak?

RBA/inflation/T.-Rowe-Price/BetaShares/GSFM/

With growing expectations that the Reserve Bank of Australia will extend its interest rates pause, some believe further hikes aren’t completely ruled out.

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Holistic advice licensees buck growth trend

Wealth-Data/dealer-groups/licensees/

The overall number of licensees has fallen by 15 per cent since January 2021, according to Wealth Data, but those focused solely on holistic advice have seen positive growth.

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