MM Newsletter
  02 July, 2021
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Money Management Original
EOFY sees largest weekly adviser exodus at 549
This week accounting-based advisers dominated adviser losses as many did not want to pay additional levies by the corporate regulator, and AMP FP regained its top spot as largest financial group, according to data.
Money Management Original
Temporary delay to SMSF member increase
Advisers have been advised to refrain from making changes to increase the number of members in self-managed super funds due to an implementation delay by the Australian Taxation Office, despite the changes coming into effect on 1 July, 2021.
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Macro perspectives: growth, rates and inflation
While a fiscally fueled expansion looks likely this year, it's uneven across regions. Our specialist investment teams weigh in on the implications across global markets.
Industry News
Six orgs call for urgent passage of family law super changes
HESTA, Women in Super and the Australian Institute of Superannuation Trustees are among the organisations who have requested the Government pass the legislation with urgency.
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Industry News
Sequoia moves into family office
Sequoia Financial Group has launched a family office business and acquired client books of Macro Investment Advisory.
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Enhance the return profile of defensive portfolios
Hear from Tim Dowling as he discusses the income and growth challenges faced by retirees and how a new defensive alternative can help achieve better outcomes for your clients.
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Industry News
Govt consult on CDR changes
Further changes to the consumer data rights have been released for consultation, including the way in which data is shared with professional advisers.
Industry News
Opportunities in Chinese equities and bonds
Active investors can take advantage of the expanding technology market in the country and the fact that Chinese bonds have a low correlation to other markets, according to fund managers.
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Industry News
Magellan High Conviction to move to active ETF
Magellan High Conviction Trust is set to transition from a listed investment company to an active exchange traded fund in a bid to reduce its discount.
Industry News
BOQ completes acquisition of ME Bank
The formerly industry super-owned bank has been sold for a cash consideration of $1.325 billion.
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Industry News
PEXA lists on ASX
The initial public offering saw Link’s property arm raise an enterprise value of $3.3 billion.
Industry News
Fee reduction for flagship Milford fund
In a move to expand its adviser client base, Milford Asset Management has lowered its flagship fund fee for advisers to 0.9% per annum.
Industry News
Westpac completes sale of insurance business
As previously announced, Allianz will enter into an exclusive 20-year agreement for the distribution of general insurance products to Westpac’s customers.
Outsider
Money Management Original
Turning a certain age
As a man of a certain age, Outsider might be forgiven for not being keen to celebrate his birthday when it rolls around each year.
Money Management Original
Not talking the talk
Outsider was left feeling perplexed when he sat next to an AMP employee at a recent conference after his seat companion laughed at the idea that inappropriate behaviour was no longer tolerated.
Money Management Original
Putting YOU in the picture
Outsider thought he already heard about the strangest rebrand of 2021 when he read about Standard Life Aberdeen rebranding as ‘Abrdn’ earlier this year.
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