MM Newsletter
  22 April, 2021
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Money Management Original
Licensee boss says FSC's proposals are marginal, at best
The savings identified by the Financial Services Council in its new advice green paper are marginal, at best, according to the chief executive of major licensee, Countplus.
Money Management Original
'Spirit of intent' focus of compliance guidance
The corporate regulator says the “spirit of intent” rather than a literal understanding of requirements will be the focus on compliance guidance.
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Industry News
Steady AMP cashflows quarter undermined by NZ super exit
AMP Limited reported a steady first quarter in terms of cashflows, but the exit of a New Zealand corporate superannuation client weighed overall.
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Money Management Original
FASEA ethics code to be up for review in 2022
While the Financial Advisers Standards and Ethics Authority will cease to exist from 1 January, 2022, its code of ethics will still be up for review as the guide is yet to be finalised.
Money Management Original
Early super access used for mortgage payments
Far from embarking on spending sprees, the majority of those who accessed their superannuation early used the funds for paying off household bills or mortgages, according to the Australian Bureau of Statistics.
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Industry News
Perennial launches new entity to enhance ESG
Perennial Partners has launched its boutique investment firm Perennial Better Future to manage environmental, social, governance initiatives.
Money Management Original
Legacy products biggest barrier to life innovation
A focus on legacy products has become one of the biggest barriers to innovation and the industry needs to be prepared to bear the burden of investment in improving those systems.
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Industry News
67% of super members do not top up
There is a very real chance that many super members will fall short financially when they retire as only 20% of members have consistently topped up their fund, according to Finder.
Industry News
Evergreen rates boutique private debt fund
The Wentworth Williamson Stable Income fund has been given a ‘commended’ rating as it had a very high degree of conviction that the fund would reach its targets, according to the rating house.
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Industry News
Corporate bonds can boost returns: FSI
In a world where Government bond yields are at record lows, corporate bonds can be utilised as an alternative for fixed income returns, according to First Sentier Investors.
Industry News
Ex-Apogee adviser pleads guilty
Ahmed Saad has pleaded guilty after operating a scheme to provide illegal early access to super for clients.
Money Management Original
Give clients choice between commissions and upfront fees
According to the Association of Financial Advisers, this will help make advice accessible for lower income clients.
Money Management Original
Industry needs to collaborate with regulators: ASIC
The corporate regulator has asked the industry to better help the regulators better regulate the industry.
Industry News
GEM manager departs Fidelity
Fidelity global emerging markets fund manager, Alex Duffy, is to leave the firm at the end of May after 16 years.
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Money Management Original
The building blocks of a portfolio
When building a portfolio, managers may find there is an ‘optimum’ number of positions, writes Chris Bedingfield, where holding too many can have a negative effect.
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