MM Newsletter
  21 July, 2021
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Money Management Original
Advisers shouldn't be responsible for product failure
Product and advice should be kept separate, and advisers should not be responsible for product failure, according to an association.
Money Management Original
APRA seeks to clarify trustee SOA oversight concerns
Trustees should come up with an approach that allows them to have necessary comfort that the quality of advice that is provided to members is as it should be, according to the prudential regulator.
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Something has to give
Franklin Templeton Fixed Income CIO Sonal Desai discusses the US Treasuries sharp rally over recent weeks with yields dropping. She outlines 3 possible scenarios and logical implications of each.
Money Management Original
Australia's financial centre status limited by tax barriers: FSC
Without the removal of certain tax barriers, fund managers could opt to only service Australian clients from overseas, according to the Financial Services Council.
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Industry News
SMSF Association appoints board members
Retirement Income Review panel member Deborah Ralston and BT’s Bryan Ashenden have been appointed to the association’s board.
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Behind the scenes of generating alpha
Learn how the BlackRock High Conviction Australian Equity Fund provides a differentiated approach to investing. Hear from the team on the trends they’re watching to help look for tomorrow’s winners.
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Industry News
CSLR inadequate: Federal opposition
The opposition says capping compensation at $150,000 instead of the $550,000 proposed by the Royal Commission is a mistake.
Industry News
Equity inflows cool during Q2
Australian investors have “cooled their appetite” for equity funds after six months of record buying, according to the quarterly Calastone Fund Flow Index.
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Industry News
Acadian expands multi-asset range
Acadian Asset Management has launched a multi-asset absolute return fund for investors seeking defensive alternatives exposure.
Industry News
WA-based firm buys PNFP assets
Western Australia-based Wealth Management Partners has announced settlement of the acquisition of operating assets of Police and Nurses Financial Planning Pty Ltd.
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Industry News
WT Financial Group makes board changes
WT Financial Group has announced that Sentry’s chair and substantial shareholder, Michael Harrison, has been appointed as its new non-executive director.
Industry News
ANZ buyback presents optimistic bank dividend outlook
As ANZ announces a $1.5 billion on-market buyback, this was a “strong indicator” that bank dividends could continue to rise for the next 12 to 24 months, according to Plato.
Industry News
Unlicensed trader Dr Roger Munro pleads guilty to fraud charges
Unlicensed investment trader Dr Roger Munro has pleaded guilty to three counts of fraud for misusing client funds by pretending to invest in the TradeStation Futures Trading Fund.
Industry News
HUB24 sees 141% growth in platform FUA
Funds under administration on the HUB24 platform grew 141% to $41.4 billion in the last financial year as the firm saw 48% growth in adviser users.
Industry News
ASIC releases adviser reference checking protocol
The corporate regulator has released its protocol around how licensees should be reference checking prospective financial advisers they wish to employ.
Industry News
Zurich unifies Australian leadership structure
Life and investments chief executive Justin Delaney will now run the general insurance business as the firm aims to have a unified leadership team in the Australian market.
Industry News
Centuria completes Primewest acquisition
The compulsory acquisition of the remaining Primewest shares has been completed by Centuria Capital.
Industry News
BT Panorama posts strong net inflow growth
BT Panorama has recorded the second highest quarter net inflows of $2.44 billion for the June quarter since the platform’s launch.
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Money Management Original
Zenith back on top
After years of indecisiveness, fund managers have voted for the stability of research teams while identifying potential conflicts of interest, Oksana Patron writes.
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