MM Newsletter
  27 July, 2021
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Latest News
Money Management Original
AMP to increase advice practice fee
AMP will be increasing the fees it charges to its advice practices incrementally from 1 January, 2022, and does not believe the increase will flow on to clients.
Money Management Original
Australia’s planning industry will follow UK trends
After changes to financial planning in the UK, the industry experienced somewhat of a value downturn in the industry but then quickly turned around and saw significant growth, according to WT Financial Group.
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Industry News
Advice will remain unaffordable if levy kept high: SAFAA
The Stockbrokers and Financial Advisers Association has criticised the latest regulatory levy, saying the sector only receives 0.6% of all complaints.
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Industry News
Fidelity strengthens diversity and climate change policy
Fidelity International has announced an introduction of the new global policies on climate change and gender diversity.
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Industry News
Lumiant adds fact find module
The adviser software service has launched the ‘Your Life’ module to help advisers with the fact find process.
Industry News
Expect more of the same for global fixed income
Global fixed income markets will see a repeat of Q2 performance in the second half of the year, according to Brandywine Global Investment Management, due to a lack of market conviction.
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Industry News
De Gori to leave FPA
Dante De Gori will step down as chief executive from the Financial Planning Association of Australia after six years at the helm.
Industry News
AFA appoints CEO
Helen Morgan-Banda has been chief executive for the Law Society of New Zealand and the Royal New Zealand College of General Practitioners, and held corporate affairs positions for ANZ and AMP in New Zealand.
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Industry News
Maple-Brown Abbott appoints ESG head
Emma Pringle will replace Natasha McKean who moved to DNR Capital.
Industry News
Wattle Partners acquires asset consulting firm
The self-licenced boutique financial advisory firm has acquired asset consulting firm Atchinson Consultants after searching for a partner for several years.
Industry News
Licence cancelled for Qld firm
Queensland-based financial services firm Fentborough has seen its Australian financial services licence cancelled for failing to lodge documentation.
Industry News
BT and Asgard to pay penalties for fee-for-no-service
BT Funds Management and Asgard Capital will pay $3 million after the two entities made false and deceptive conduct to over 400 customers.
Expert Analysis
Money Management Original
Collaboration needed for future financial advice
As numerous studies and roundtables have failed to find a successful financial advice model, collaboration between stakeholders could be the solution, writes Neil Macdonald.
Money Management Original
A thematic change
Flows into thematic ETFs grew by 29% in the first half of 2021, writes Arian Neiron, as investors seek long-term investment themes.
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