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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JAWG pushes Jones for faster QAR implementation

quality-of-advice-review/jawg/Stephen-Jones/

The Joint Associations Working Group (JAWG) has urged the Government to act quickly on measures in the Q

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Global X expands portfolio management team

BetaShares/global-x/ETFs/hires/

Global X ETFs has appointed Jessica Leung from BetaShares as its newest portfolio manager.

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Financial planner jailed for nine years for $3.3m fraud

ASIC/jail/

A Sydney financial planner has been sentenced to a maximum jail term of nine years after pleading guilty to 12 counts of dishonestly obtaining financial advantage by deception.

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Equities to come out of earnings ‘valley’: Munro Partners

munro/equities/

Investor appetite for equities is set to recover as markets “look through the valley” to the other side of the bear market, according to the fund manager.

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