MM Newsletter
  09 September, 2020
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Money Management Original
How HostPlus increased advice fee collections eight-fold
Big industry fund Hostplus has detailed to a Parliamentary Committee an eight-fold increase in comprehensive advice fees over just five years.
Money Management Original
Adviser choices will determine if IOOF becomes largest planning group
The number of MLC advisers choosing to join IOOF will determine if the firm will be the largest dealer group in the country as it is not looking to acquire any more advice businesses in the near future.
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Dollar outlook dims
Portfolio Manager Anujeet Sareen reviews why the four key forces supporting the US dollar may be in retreat.
Money Management Original
Has CBA been caught by truth in labelling on conflicted remuneration?
The Commonwealth Bank is facing court action initiated by the Australian Securities and Investments Commission which might have been avoided if it had properly and transparently described revenue arrangements between itself and Colonial First State.
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Industry News
Financial and insurance hit by growth in 'zombie' firms
Financial and insurances services have been among the worst-affected sectors in terms of zombie businesses, according to CreditorWatch.
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Industry News
Investors still sceptical of sustainable fund performance
Despite the average responsible fund outperforming the Australian share market, investors are deterred from these funds due to lack of awareness, understanding, and greenwashing concerns.
Money Management Original
Super withdrawal boosts shares of consumer stocks
The ASX 200 consumer discretionary sector has returned 34% since the start of 2020, only second to the information technology sector.
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Industry News
ETF investors favour international equities
ETF investors favouring international equities Investors into exchange traded funds have poured $722 million into international equities during August compared to just $181 million into Aussie equities ones.
Industry News
UK on track for ‘hard Brexit’ as deadline approaches
It seems more likely that a no-deal exit would hit the UK economy hard in the short-to-medium term, Janus Henderson believes.
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Money Management Original
US markets pricing in ‘balancing act’ in Biden victory
Combination of higher taxes is balanced out by the hope of Biden being more stable and predictable than the current President.
Industry News
Cbus commits $950m to support Aussie businesses
The industry superannuation fund projects to invest a further $840 million to help the country’s economic recovery.
Industry News
FASEA approves former FINSIA grad diploma electives
Two additional financial planning electives from the Securities Institute Graduate Diploma of Applied Finance and Investment, from 1991 until 2007, have been approved by FASEA.
Industry News
Ignition Advice partners with Avaloq
The partnership will allow Ignition to offer Avaloq’s banking solution software solution to over 150 target institutions.
Industry News
JANA appoints head of insurance
The firm has promoted senior consultant and global equities research team member Greg Wilkinson to the role.
Industry News
Centrepoint Alliance appoints head of research
Former IOOF portfolio manager Daniel Stojanovski will commence the role from 13 October, 2020.
Features
Industry News
The coming of age of robo-advice
A Royal Commission, pandemic and regulatory change have distracted advisers from robo-advice in recent years but Jassmyn Goh finds out if the technology is now finally going to disrupt the industry?
Expert Analysis
Industry News
We can’t afford to lose Hayne’s Momentum
Labor Senator Deborah O’Neill cautions AMP Limited against its treatment of financial advisers with respect to their buyer of last resort arrangements, arguing that such conduct risks eroding the objectives of the Royal Commission.
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Money Management · Level 10, 4 Martin Place, Challis Place · Sydney, NSW 2000 · Australia