MM Newsletter
  24 February, 2021
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Latest News
Money Management Original
Removal of grandfathering and rebates was ‘overdue’
CountPlus boss, Matthew Rowe, has forewarned shareholders to be ready to feel the revenue effects of the removal of grandfathering and product rebates but has claimed the pain will ultimately be worth the gain.
Money Management Original
Advisers not utilising mental health services enough
Only 27 people used the Financial Planning Association’s Wellbeing service last year and the Association of Financial Advisers is also finding a low uptake with its mental health service, AFA Cares.
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Money Management Original
Super funds worried about being hamstrung on salary packaging
Superannuation funds are concerned that new regulations will place them at a disadvantage to fund managers when it comes to competing for investment talent.
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Industry News
Public sector super fund members most satisfied
Members in retail superannuation funds, especially those in funds run by one of the big four banks, were the least satisfied, according to Roy Morgan.
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Money Management Original
Expansion plans for Daintree despite record low rates
There is still a place for fixed income in portfolios despite record low rates of 0.1%, according to Daintree Capital Management, with the firm considering expansion plans as its assets under management approach $500 million.
Industry News
RE change for 13 First Sentier funds
Following a unitholder vote, 13 First Sentier Investors funds will see a change in responsible entity from Colonial First State Investments to The Trust Company.
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Industry News
Wells Fargo sells asset management arm for $2.6b
Wells Fargo is to sell its Wells Fargo Asset Management division to private equity firms GTCR LLC and Reverence Capital Partners, and appointed a former Legg Mason CEO as executive chair.
Industry News
Serbia included in emerging market index
Serbia’s inclusion into JP Morgan’s Government Bond Index – Emerging Markets index represents new opportunities for alpha in the emerging markets debt sector and underscores the value of the outside-the-benchmark approach, according to Eaton Vance.
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Industry News
HUB24 reports record first half
The group’s NPAT saw a 39% increase and a 41% EBITDA increase during the first half of FY21 as strategic transactions strengthened the company’s position.
Industry News
CountPlus posts significant 65% profit growth
The firm’s ‘clean’ sustainable financial advice model and its client-centric accounting and advice helped improve profitability for the first half of FY2021.
Features
Money Management Original
Planning ahead for your retirement
Oksana Patron checks how COVID-19 has changed Australians’ thinking about superannuation and their own retirement and what lies ahead for product and solutions providers.
Money Management Original
Profitability the key challenge for life insurers
Mike Taylor writes that while significant consolidation has occurred within the Australian life insurance industry, profitability remains a key challenge.
Money Management Original
How everything has changed before the LIF is even reviewed
From the implementation of the FASEA regime through to the recommendations of the Royal Commission, Mike Taylor writes, a lot had changed before the Australian Securities and Investments Commission had even started its Life Insurance Framework review.
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Money Management · Level 10, 4 Martin Place, Challis Place · Sydney, NSW 2000 · Australia