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| 27 August, 2020 |
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| Latest News |
| Money Management Original | | Industry funds cite ASIC, FASEA and Hume on intrafund advice | | Industry superannuation funds believe they are on safe ground in providing both scaled advice and intrafund advice citing the authority of the Australian Securities and Investments Commission, the Financial Adviser Standards and Ethics Authority and the minister. |
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| Money Management Original | | FASEA confirms likely higher degree costs for advisers | | The Financial Adviser Standards and Ethics Authority has confirmed that financial advisers will face higher costs in obtaining a financial advice degree as a result of Government changes but has distanced itself from the process. |
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| Money Management Original | | ASIC backs off on AUSTRAC action against CBA | | The Australian Securities and Investments Commission has signalled it will not be pursuing the Commonwealth Bank over possible AUTRAC-related violations of the Corporations Act. |
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| Industry News | | Aus Ethical NPAT up 46% | | New customer growth, net inflows, and a 350% performance fee increase has given Australian Ethical the boost it needed to combat challenges posed by COVID-19. |
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| Sponsored Content | | Hidden risks in a safe haven | | In this new whitepaper, Macquarie explores the different types of cash products and looks at the place cash plays as part of a portfolio. Request your copy now. |
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| Industry News | | Women's retirement outcomes in limbo with SG on chopping block | | Assistant Minister for Superannuation, Financial Services, and Financial Technology, Jane Hume needs to decide whether she will convince her colleagues to resist the “self-serving push of the big business lobby to cut the super increase”, a union believes. |
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| Industry News | | Bravura’s NPAT 22% up | | Bravura Solutions has reported a 22% growth in net profit after tax to $40.1 million for the period ended 30 June, with the acquisitions of Midwinter and FinoComp made during this period delivering net profit after tax of $3 million. |
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| Industry News | | Lakehouse fund receives ‘recommended’ rating | | The Lakehouse Global Growth fund invested in companies with strong upside potential and minimal downside risk and had a “unique proposition”, according to Zenith. |
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| Industry News | | VanEck launches two new ETFs | | VanEck has announced the launch of its two exchange traded funds, which will offer Australian investors both opportunities to invest in “economic wide moat companies trading at attractive prices relative to Morningstar’s estimate of fair value.” |
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| Industry News | | Raiz Invest appoints Australian CEO | | Group chief operating officer Brendan Malone has been appointed as chief executive of the Australian business of online financial services platform Raiz Invest. |
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| Toolbox |
| Industry News | | Alternatives for income | | With many fixed income options yielding less than 0%, core alternatives can provide stable income with a low correlation to equities, writes Pulkit Sharma and Jason DeSena. |
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