MM Newsletter
  05 December, 2022
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Industry News
FSC strongly opposes greater powers for ASIC
The Financial Services Council has warned it would be unwise for ASIC to be given greater powers in creating financial services legislation and any steps towards this should be treated with “great caution”.
Money Management Original
Spark Financial becomes profit for purpose organisation
Dealer group Spark Financial has entered into binding terms to become Australia’s first social business dealer group where 100% of its profits will go to charity.
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Industry News
MLC Life Insurance appoints new non-executive director
MLC Life Insurance has appointed Catherine Dubé as an independent non-executive director and as chair of the board audit committee.
Industry News
Household Capital acquires Pension Boost
The acquisition of Government home equity scheme specialist Pension Boost has seen Household Capital become the largest provider of home equity retirement funding in Australia.
Industry News
Four interim stop orders issued by ASIC
ASIC has placed interim stop orders on four funds from two companies, taking the number of orders to more than 20 to date under the design and distribution obligations.
Industry News
Pendal/Perpetual deal could see $283b FUM by 2027: Morningstar
Only half of the cost synergies proposed by the Pendal/Perpetual acquisition are likely to be achieved, according to Morningstar, but combined FUM could reach $283 billion by 2027.
Editorial
Industry News
‘Glass half full’ RBA keeps ignoring big issues
Former Bank of England governor Lord Mervyn King recently made headlines by stating that central banks in the west all made the same mistake by printing money during the pandemic.
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