MM Newsletter
  29 March, 2021
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Latest News
Money Management Original
ASIC says the levy is mechanical, Hume says ASIC has discretion
The cost of the Financial Adviser Standards and Ethics Authority functions may yet add to the ASIC levy paid by financial advisers.
Money Management Original
Presenting advice fees eight ways looks ridiculous to clients
The corporate regulator’s fee disclosure requirements are confusing some advice clients who are questioning advisers on why they are being told the same information eight different times.
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Money Management Original
ESG funds may be ESG only at one point in time
Just because funds score highly on sustainability does not mean it is a responsible investment fund, according to Evergreen, which has launched a new responsible investment index.
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Industry News
The demographic with the highest multiple when selling up
When it comes to selling a financial advice business, firms with investment and superannuation clients in their early sixties can attract the highest multiples.
Industry News
BT Panorama FUA hits $49b
Over 38,000 BT Wrap customer accounts have been transferred to BT Panorama, with another $42 billion expected to be added by the middle of the year.
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Industry News
Australia needs to regulate cryptocurrency market
There are gaps in Australia’s regulation of the domestic digital assets market which will require oversight amid a renewed surge of demand for Bitcoin and other cryptocurrencies, according to BTC Markets.
Industry News
No change for De Ferrari role at AMP
AMP has stated that chief executive, Francesco De Ferrari, has not resigned from the firm but was in discussions with the board.
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Editorial
Money Management Original
User-pays a costly and flawed model for ASIC funding
The increases in the Australian Securities and Investments Commission levy and the fact that they are occurring even before a single disciplinary body or a compensation scheme of last resort are established should tell the Government its user-pays regime is badly flawed and in need of change.
InFocus
Money Management Original
InFocus: The ASIC levy - the real-life impact on advisers
Financial advice firms began receiving their levy invoices from the Australian Securities and Investments Commission last week and financial advisers want the Government to know why they are angry at how much it has increased.
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Crowns
Money Management Original
Crowns go to those astutely riding Australia’s COVID recovery
Funds with experienced investment teams and a strong domestic equity focus benefited from Australia’s accelerating economic recovery in the latest FE fundinfo Crown Fund Ratings rebalance, Mike Taylor writes.
Money Management Research
Which funds were upgraded to 5 Crowns?
There has been a 47% decline in the number of funds receiving a 5 Crown rating, falling to 136, while no fund was upgraded from 1 Crown to 5 Crowns.
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