MM Newsletter
  07 September, 2020
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Money Management Original
How CBA closing FinWis cost one advice practice $33,000
A former Financial Wisdom practice is looking to the Commonwealth Bank to make good over $33,000 which was overlooked as the big banking group closed down the license.
Industry News
Industry funds place $33b investment pipeline in play
Government attacks on industry superannuation funds risk jeopardising their ability to invest in Australia’s economic recovery, according to Industry Super Australia.
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Money Management Research
Seven funds consistently given top rating
Two small/mid-cap Australian equity funds have been given the highest rating every six months for the last three years, according to the latest FE fundinfo Crown Ratings rebalance.
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Money Management Research
Nine CFSGAM funds given top crown rating
Upgrade from three 5 Crown funds to nine funds for the asset manager in the latest FE fundinfo Crown Ratings rebalance.
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Money Management Research
From nothing to something
There are 10 new funds that have received 5 Crown ratings after being previously unrated, with funds from CFS, Legg Mason, Perennial, GQG Partners, Eley Griffiths and Simplicity getting the top nod.
Money Management Research
Which fund managers have bottom rated funds?
There are 18 management groups which saw all their funds only receive 1 Crown, the lowest rating, in the latest FE fundinfo Crown ratings rebalance.
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Industry News
Sydney tax agent sentenced over false tax claims
Hussain Nazeer submitted false claims which resulted in almost $180,000 that he kept himself.
Industry News
Reduce SG amnesty penalty from 200% to nil: The Tax Institute
The superannuation guarantee amnesty is set to to expire today but the severe consequences of non-compliance could drive businesses to insolvency, according to The Tax Institute.
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Industry News
Six-month home loan assessments begin
Banks are contacting customers for their six-month home loan deferral assessment to discuss the next stage of support and assistance.
Industry News
International investors aim to crack China’s market
Fitch Ratings has said that BlackRock’s full licence for its onshore Chinese investment management firm represents a milestone in a growing competition between international asset managers who are getting closer to cracking the Chinese market.
Editorial
Industry News
Why individual adviser licensing would have helped MLC advisers
As MLC advisers contemplate their migration to working under IOOF licenses, they might consider how different the story would be if they were individually licensed.
InFocus
Industry News
InFocus: How IOOF has purchased scale and leadership
IOOF’s acquisition of MLC Wealth has confirmed the multi-billion dollar exit of the major banks from wealth management in Australia at the same time as handing the firm scale leadership in the advice and platforms sectors, Mike Taylor writes.
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Money Management · Level 10, 4 Martin Place, Challis Place · Sydney, NSW 2000 · Australia