Almost 20 students have filed a class action against James Cook University after discovering their financial planning degrees had not received accreditation, leaving them unable to secure jobs.

Although finfluencers tend to “swim outside the safety flags”, Insignia’s chief executive, Renato Mota, believes they signal an unmet demand from a younger generation seeking advice and information.

Morningstar research has seen inflows to sustainable funds fall by 91 per cent in the past quarter, with passive giant Vanguard reporting rare net outflows after the firm received infringement notices for alleged greenwashing.

The central bank’s monetary policy board has announced its cash rate decision amid mixed signals from the domestic and global economy.

An Australian asset manager has launched a global credit fund after acquiring a New York-based investment management group.

Future Super has received an infringement notice from ASIC over alleged greenwashing, this time related to a social media post by the fund, following earlier action against Mercer Super.

With market volatility and interest rates keeping investors on their toes, equity managers say they’re keeping a close eye on how the asset class performs over the next 12 months.