MM Newsletter
  19 July, 2021
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Latest News
Money Management Original
FASEA standards don’t adequately recognise previous study
There needs to be a better recognition of previous study undertaken by financial planners, and in particular continuing professional development studies, according to the Association of Financial Advisers.
Money Management Original
Is clarity needed over individual registration for advisers?
The roles of the adviser and licensee may need to be more clearly defined for the individual adviser registration regime to properly function.
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Behind the scenes of generating alpha
Learn how the BlackRock High Conviction Australian Equity Fund provides a differentiated approach to investing. Hear from the team on the trends they’re watching to help look for tomorrow’s winners.
Money Management Original
8 issuers had grandfathered commissions at start of 2021
While 96% of grandfathered conflicted remuneration arrangements have been terminated by the start of 2021, eight product issuers still have grandfathered benefits on 46 products, amounting to $24.4 million, according to a report.
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Money Management Original
Super funds wake up to Australia’s ESG lag
There is a “seismic shift” among industry super funds to focus on carbon reporting, according to Research Affiliates, as Australia wakes up to it lagging behind the rest of the world.
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Something has to give
Franklin Templeton Fixed Income CIO Sonal Desai discusses the US Treasuries sharp rally over recent weeks with yields dropping. She outlines 3 possible scenarios and logical implications of each.
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Industry News
Investors left exposed by target retirement date strategies
Setting a target retirement date is no longer the most effective way to plan for retirement savings, according to American Century, as more people take a ‘phased retirement’.
Industry News
Earlier interest rate move ‘cannot be ruled out’
As the Reserve Bank of Australia vows to hold off extending bond yields beyond 0.10% after April 2024, First Sentier believes an earlier move cannot be ruled out.
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Industry News
ETF Securities appoints new senior hires
The exchange traded fund provider has added Wilson O’Fee and William Taylor to its sales and portfolio management teams.
Industry News
Govt announces CSLR legislation draft exposure
Draft legislation for the compensation scheme of last resort and financial accountability regime will be introduced, as well as a report from the corporate regulator on the transition away from grandfathered commissions.
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Industry News
No charges for AMP FP alleged fee-for-no-service conduct
The Commonwealth Director of Public Prosecutions has determined that no charges should be brought to AMP Financial Planning for its conduct into the alleged fees-for-no-service conduct arising from its buyer of last resort policy.
Editorial
Money Management Original
Remaining within the Royal Commission standards’ scope
Any further requirements by the Government for the financial advice sector to lift standards could lead to advisers and potential graduate entrants moving the occupation into the ‘too hard basket’.
InFocus
Money Management Original
InFocus: Advisers hurled ‘unjustified abuse for political gain’
It has been three years since the Royal Commission but, Chris Dastoor writes, financial advisers are still being held in poor light by politicians despite a low level of complaints against them.
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