MM Newsletter
  21 September, 2020
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Industry News
APRA failing on sole purpose test says Bragg
The Australian Prudential Regulation Authority has failed in its obligation to enforce the sole purpose test over the use of superannuation fund monies, according to a Liberal Senator.
Money Management Original
Superannuation is different and needs to be treated as such
Superannuation funds have different business models to either the banks or the major insurers and this needs to be recognised.
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Industry News
Australia re-opens for investment from HNW migrants
Australia has re-opened its doors to investment from high net worth migrants, according to wealth manager Atlas Advisors.
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Money Management Original
Divestment won’t reduce carbon emissions
There is a place for divestment if the risk cannot be mitigated but it is the engagement process that can help change business practices that is more constructive, according to HESTA.
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Industry News
Contango shareholders approve WCM strategy change
The Contango Income Generator fund will become a global long/short fund after its shareholders approved the implementation of a new strategy run by WCM Investment Management.
Industry News
ASIC cancels Union Standard ASFL
The corporate regulator has cancelled the Australian financial services licence of over-the-counter derivatives issuer Union Standard International Group.
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Industry News
ASIC adds conditions to two SMSF auditors' registrations
The corporate regulator has added new conditions to the registration of two SMSF auditors, William Krammer and Yuk Wong.
Editorial
Money Management Original
Time to clear the air on advice within superannuation
As more advisers leave the industry and the cost of financial advice delivery rises, superannuation funds are destined to play a greater role. These circumstances make it incumbent on the Australian Securities and Investments Commission to take a closer look at advice within super.
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InFocus
Money Management Original
InFocus: There is no super answer to Australia’s housing problem
The Financial Services Council’s Jane Macnamara argues that the use of superannuation is not the answer to Australia’s housing affordability problem.
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