No smoking: Vanguard pays $40k fine for greenwashing
Not excluding companies involved in the sale of tobacco products while having a tobacco-related negative screen has led to ASIC slapping Vanguard Australia with an infringement notice. In only ASIC’s second action for greenwashing, the fine shows the regulator is attentive to more than misleading environmental claims.
December 02, 2022
Former VicSuper CEO to replace CareSuper’s Lander
Former VicSuper CEO Michael Dundon has been announced as the replacement for outgoing CareSuper CEO Julie Lander.
December 02, 2022
PGIM Real Estate appoints new managing director
PGIM Real Estate has hired James Footh as a managing director on the global data center investments portfolio management team.
December 02, 2022
ASIC places stop orders on four funds
ASIC has issued interim stop orders preventing Australian Fiduciaries Limited (AFL) and APS Savings from offering or distributing three funds to retail investors because of deficiencies in their target market determinations (TMDs).
December 02, 2022
North launches custom managed portfolio service
AMP’s wrap investment platform North has launched ‘Buy, Badge, Build’ for advisers to customise their own branded managed portfolios.
December 02, 2022
MLC appoints new board director
MLC Life Insurance has appointed Catherine Dubé as an independent non-executive director on its board.
December 02, 2022
Household Capital acquires Pension Boost
Retirement funding provider Household Capital has acquired home equity access start-up, Pension Boost.
December 02, 2022
Janus Henderson appoints chief responsibility officer
Janus Henderson has appointed Michelle Dunstan as chief responsibility officer, commencing 9 January 2023.
December 02, 2022
CFS adds 17 funds to FirstChoice
CFS has added 17 new funds onto the platform which now offers the most strategies across its 20-year history.
December 02, 2022
Overly strong consumer protections have not served Australians
Consumers need and deserve good advice but extreme consumer protections have stopped them from getting it, Neil Younger writes. Protections for the public are necessary, but if it is not being done in an efficient and effective way it becomes a detriment to advisers and clients.
December 01, 2022
Did you do what you said? A year in review
With the year coming to a close, naturally it becomes a time of reflection. Claudia Pritchitt explores the value in assessing client marketing and communications programs for the new year.
December 01, 2022
Rest appoints former Deputy Premier as chair
Former Victorian Deputy Premier James Merlino has been appointed to the board of retail industry super fund Rest as independent chair and director.
December 01, 2022
