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.

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.

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.

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.

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.

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.

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.

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”.

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.

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

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