Regulation and risk collide: Managing information as an AFSL

law/legal/Holley-Nethercote/cyber-security/

With the recent spate of data breaches now extending to the financial services industry, AFSLs are racing to ensure that their information management procedures are up to scratch, writes Samantha Hills.

AUTHOR

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.

AUTHOR

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’.

AUTHOR

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.

AUTHOR

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.

AUTHOR

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.

AUTHOR

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.

AUTHOR

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?

AUTHOR

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.

AUTHOR

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.

AUTHOR

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