MM Newsletter
  29 October, 2021
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Latest News
Money Management Original
AMP and IOOF adviser losses on par
The combined adviser losses at AMP and IOOF year-to-date is at 171 compared to 143 for all other licensees.
Money Management Original
Merger talks for five failed super funds
Five of the 13 funds that failed the performance test are in merger talks and the prudential regulator is looking at ways to simplify the merger process.
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FE fundinfo to make DDO Data and TMDs available to Advisers
Advisers will soon be able to incorporate DDO data and TMD documents in their portfolio construction and client reporting as FE fundinfo announces that they will be integrating DDO data and TMD documents into their suite of products, including the flagship research tool FE Analytics.
Money Management Original
ASIC waits on ACER contract for adviser exam
The corporate regulator is waiting to finalise its contract with the financial adviser exam facilitator before publishing information about exams to be held next year.
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Money Management Original
Unwise to rely on tech to combat climate change: Pengana
Australia’s net zero by 2050 commitment is merely “a ticket to the party” and its reliance on future technology is concerning as much of it is not yet commercially viable, according to Pengana.
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The megatrends shaping property investments
Societal megatrends will have big implications for real estate – boosting some sectors and disrupting others. First Sentier Investors Global Head of Property Securities delves into the six trends shaping the next decade.
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Industry News
CSLR legislation introduced
To allow the compensation scheme of last resort to commence as soon as possible, the Government will fund it for the first year with an industry levy to follow.
Industry News
Last day to register for November FASEA exam
The minister for financial services, superannuation and the digital economy, Jane Hume, is encouraging advisers to register for the November exam as the extension will only apply to a limited number of advisers.
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Industry News
Three asset managers provide net-zero updates
In the lead-up to the 2021 UN Climate Change Conference (COP26), three asset management firms operating in Australia have provided updates to the status of their net zero emissions strategies.
Industry News
Members should not be stapled to dud funds: AIST
Following the release of Choice super data, the Australian Institute of Superannuation Trustees is calling for the Government to amend legislation to prevent any member being stapled to an untested or persistently underperforming super product.
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Industry News
FSC appoints Bell AM CEO to board
Bell Asset Management chief executive, Nick Fels, has been appointed as a board director by the Financial Services Council.
Industry News
Choice products report 40% higher admin fees than MySuper
Administration fees on Choice products are 40% higher than for MySuper products, according to the regulator, with a $100,000 balance paying $391 per annum.
Industry News
IOOF loses 65 advisers in Q1
A “continued focus on practice sustainability and professional standards” led to IOOF reporting a loss of 65 financial advisers during the first quarter of FY22.
Industry News
Apex Group closes acquisition of Mainstream Group
Apex Group has completed the acquisition of Mainstream Group Holdings, expanding the group’s operations to 50 offices worldwide, with 5,000 employees servicing AU$2 trillion in assets.
Industry News
Serendipity WA joins Count Financial
Serendipity Wealth Advisors has joined Count Financial and its national advice community.
Outsider
Money Management Original
Solid as a rock
IT can feel like a long time for readers between Money Management editions, but Outsider is just as shocked as anyone that we would have a new premier in that time.
Money Management Original
Looking forward to a swift one
It was cheers all round in the Money Management office this month as New South Wales eased restrictions for its residents.
Money Management Original
A change in the chair
Outsider noticed a definite change in the air this month and wondered if it was the onset of spring or Sydney coming out of lockdown.
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