Morningstar wealth head to take over as ANZ MD

morningstar/wealth-management/promotion/

Morningstar's managing director for Australia and New Zealand, Jamie Wickham, is to depart the business after 17 years and will be replaced by the firm’s wealth head.

AUTHOR

ASX ETF trading value drops 42% in April

ETFs/BetaShares/fixed-income/australian-equities/

The Australian ETF industry saw trading values fall to their lowest values in over two years as April’s figure was almost half its March value.

AUTHOR

ESG information to continue to overwhelm advisers

ESG/RIAA/responsible-investment/

It will be impossible to find a “sweet spot” of how much information on ESG is appropriate and advisers can expect overwhelming volumes to continue to be necessary for compliance, according to a panel.

AUTHOR

The power dynamics prompting sudden ESG portfolio changes

ESG/RIAA/sustainable-investing/

A change in power dynamics can mean the need to change an investment strategy’s ESG approach overnight, according to a panel of advisers.

AUTHOR

Federated Hermes appoints APAC distribution head

Federated-Hermes/APAC/appointment/

Federated Hermes has appointed Jim Roland as head of distribution for Asia Pacific as the firm expands in the region.

AUTHOR

Relative Return: Super funds have the fear

Podcast/Relative-Return/

In this week’s episode of Relative Return, Mayflower Consulting’s CEO, Sarah Penn, chats with host James Mitchell about structural issues in the Australian superannuation sector.

AUTHOR

Jones forecasts QAR position by June

quality-of-advice-review/Stephen-Jones/FSC/Blake-Briggs/

Minister for financial services, Stephen Jones, has blamed the federal budget for the delays to the Quality of Advice Review but said he is expectant of a position by June.

AUTHOR

Expect no-let up in greenwashing action: ASIC

greenwashing/ASIC/RIAA/

ASIC is unlikely to slow its pace on greenwashing enforcement, according to deputy chair Karen Chester, or it will run the risk of making Australia a target for misconduct.

AUTHOR

Language reform needed for ESG to flourish

RIAA/ESG/Jim-Chalmers/

There is a real need to remove the language of “woke capitalism” from ESG investment, according to a panel, if there is to be progress in Australia.

AUTHOR

Budget 2023: Signal of ’Tetris moment’ for responsible investment

RIAA/Budget/Jim-Chalmers/

With significant action towards sustainable finance announced in the 2023–24 budget, the building blocks are now in place for meaningful change, according to RIAA’s chief executive, Simon O’Connor.

AUTHOR

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