CLIMATE CHANGE

Funds management

Failure to meet ESG compliance obligations can leave financial services directors walking a tightrope of risk, according to PwC, as ASIC urges firms to prepare for climat...

Funds management

Three investment managers are among the first 12 Australian organisations to state they intend to start making disclosures aligned with the global Taskforce on Nature-rel...

Funds management

The Treasury has opened a consultation on the final policy design of corporate climate-related financial disclosure requirements, outlining what companies and super funds...

Funds management

The government has acknowledged the Australian economy faces a “systemic risk” from climate change in a Treasury statement, culminating a three-year legal saga around the...

Funds management

BlackRock and Vanguard have seen their scores slashed by a climate think tank for rolling back on their ESG commitments in light of an anti-ESG trend in the US....

Policy & Regulation

The government is seeking views on its proposed position for the implementation of an internationally-aligned climate disclosure, following its discovery consultation las...

Funds management

While Europe steams ahead with sustainable investment, Australian investors sit on two ends of the ESG spectrum when it comes to sustainable funds, according to ClearBrid...

Policy & Regulation

Speaking at the 2023 ACSI Annual Conference, Minister Stephen Jones said the government would prefer doing “too much too soon, not too little too late” on its sustainabil...

Superannuation

New analysis has found the 15 largest funds are collectively investing at least $25 billion into opening new coal, oil, and gas projects despite commitments to tackling c...

Financial planning

An Australian Ethical white paper has ranked switching to a responsible fund among the top three ways for Australians to reduce their individual carbon footprint....

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Funds management

Westpac has come under fire from shareholders over greenwashing with Market Forces describing the firm as a ‘laughing stock’....

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Policy & Regulation

Business groups have welcomed the Government’s commitment to a Sustainable Finance Agenda and a consultation on a mandatory climate-related financial disclosure....

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Financial planning

The Financial Services Council has set out guidance for fund managers to ensure they are acting on climate change risk and providing accurate information to consumers and...

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Financial planning

Whether or not a client is interested in responsible investing will be moot as climate change will need to be considered by advisers as part of best interests duty, accor...

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Policy & Regulation

The prudential regulator has released its practice guide on climate change financial risks which will assist banks, insurers and superannuation trustees to manage the fin...

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MARKET INSIGHTS

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

1 month 2 weeks ago

This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...

1 month 3 weeks ago

Interesting. Would be good to know the details of the StrategyOne deal....

1 month 4 weeks ago

SuperRatings has shared the median estimated return for balanced superannuation funds for the calendar year 2024, finding the year achieved “strong and consistent positiv...

1 week 5 days ago

Original bidder Bain Capital, which saw its first offer rejected in December, has returned with a revised bid for Insignia Financial....

5 days ago

A relevant provider has received a written direction from the Financial Services and Credit Panel after a superannuation rollover resulted in tax bill of over $200,000 fo...

4 weeks 1 day ago