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

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.

AUTHOR

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

AUTHOR

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.

AUTHOR

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.

AUTHOR

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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Can Australia restock its supply of financial advisers?

BT/striver/RDR/

Dwindling numbers of Australian advisers is a major concern, but BT Financial chief executive Matt Rady says the thriving UK market gives him hope that Australia can attract new blood to the profession — provided we go about it the right way.

AUTHOR

It's time for ESG funds to dump toxic tech exposures

Alphinity-Investment-Management/ESG/Elon-Musk/tesla/artificial-intelligence/chatgpt/

A conversation between Elon Musk and Google co-founder Larry Page reveals the sociopathic nature of the Big Tech companies that dominate ESG funds.

AUTHOR

Magellan shuns banks amid recession doubts

Magellan/recession/banks/financials/The-Magellan-Global-fund/

Magellan has begun positioning its $7.3 billion Global portfolio for a recession, which it believes is a likely scenario this year.

AUTHOR

Investment exec departs Morgan Stanley Private Wealth

Morgan-Stanley/exit/

Nathan Lim had been with the firm for seven years and was responsible for forming its asset allocation and portfolio management capability for Australia and Asia.

AUTHOR

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