MM Newsletter
  11 February, 2021
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Money Management Original
ASIC 'very supportive' of quality limited advice
The Australian Securities and Investments Commission has declared its support for the provision of good quality limited advice while rebutting Government back-bench suggestions it might be dangerous.
Industry News
Ares drops 100% AMP bid. Only interested in AMP Capital
AMP Limited bidder Ares has dropped its bid for 100% of the company and is now only interested in AMP Capital leading AMP to declare that the future of its wealth business lies in its transformation strategy.
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Does a sustainable approach improve investment outcomes?
The research on ESG and sustainable returns is investing in the approach does not sacrifice returns, or cost the investor more, and may enhance both risk and return. What has been the experience at Ausbil?
Money Management Original
Government faces rare coalition of forces opposing its super changes
The Government is being accused of regulatory over-reach via its Your Future Your Super legislation with industry funds, company directors, employers and accounts coalescing to opposing key elements including best interests changes which they claim reverse the legal burden of proof.
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Money Management Original
IFM Investors denies misleading key Parliamentary Committee
Industry funds-backed investment manager, IFM Investors has declared as “false and misleading” research house claims that it misled a Parliamentary Committee over the valuation of a Mexican energy company investment.
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Money Management Original
Govt has adopted anti-accumulation views: Keating
There has been a 10% increase in labour productivity in the last eight years and not a cent has gone to wages, and more money in superannuation can help fund public rental housing and build to rent properties, according to former Prime Minister Paul Keating.
Money Management Original
Members who withdrew their super will never recover the impact: Combet
It is an “oddity” the Liberal Party does not support private savings and failing to increase the superannuation guarantee will leave people missing out on hundreds of thousands of dollars in retirement, according to Greg Combet.
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Money Management Original
Which funds will be affected by Crown?
There are almost a dozen funds that have Crown Resorts in their top holdings, where do they stand now the company has been declared unfit to hold a gambling licence in NSW?
Money Management Original
Regulation threat prompts Munro to watch tech holdings
The firm is watching the potential impact that EU legislation will have on Facebook and other social media companies, having already reduced a stake in Alibaba.
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Industry News
CBA upbeat despite 20.8% profit decline
The Commonwealth Bank may have sold out of its wealth businesses but they continued to impact its half-year bottom line.
Industry News
Finance director convicted for market manipulation
Ananda Kathiravelu has been convicted for conspiring to manipulate the market by attempting to inflate the value of the share price of Radar Iron Limited.
Industry News
Praemium reports 69% growth in FUA for 1H21
Praemium has reported record growth in funds under advice to $34.3 billion for the half-year ending 31 December 2020.
Wealth Management
Money Management Original
A turning point for the advice relationships and value exchange
Money Management is continuing its wealth management series, in which we are speaking to financial planning groups to hear their views on the industry. This month, Money Management interviewed Arthur Kallos, founder and chief executive of Spark Financial.
Toolbox
Money Management Original
CGT relief options for small businesses
John Ciacciarelli explores the tax implications of running a small business and the relief measures available to help business owners with the costs.
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