MM Newsletter
  07 February, 2022
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Latest News
Industry News
The debate between Letters of Advice or Statements of Advice
The advice industry should not waste resources discussing changing the name of Statement of Advice (SOA) documents and instead follow what legislation requires, which is to present the document clearly, concisely, and effectively, says Synchron.
Money Management Original
Treasury ‘confident’ in trustees’ ability to avoid providing financial advice
Following months of discussion and consultation, Treasury has released its final report into the Retirement Income Covenant, stating it is confident superannuation trustees can meet the requirement without providing financial advice.
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Why Retirees Need A Certain Confidence
Retirees should be able to sleep easy at night knowing their sharemarket-exposed capital is protected against market falls. Their confidence shouldn’t go up or down on the whims of sharemarkets.
Industry News
SMSF Association proposes advice pathway alternative
The SMSF Association said recent bipartisan support for a 10-year adviser experience pathway did not meet the “original policy intent of enhancing professional standards” and offered an alternative approach.
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Money Management Research
Which funds are exposed to the Meta tumble?
The $14.2 billion Magellan Global fund is among more than 40 funds exposed to Meta, which saw its worst one-day loss since listing in 2012 at the end of last week when it lost $332 billion.
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Helping Advisers Promote your Managed Accounts
How can managed account providers make their products more compelling to advisers to leverage the continued growth and adoption of these investment solutions?
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Money Management Original
2021’s tailwinds now becoming headwinds
While inflation is the issue of the day, driven by supply chain issues and increased demand, Randal Jenneke from T. Rowe Price says the real concern is slowing earnings and GDP growth over this year.
Industry News
Improved employment rate boosts Centuria Office REIT
The lower unemployment rate in Australia has helped Centuria Office REIT to post a growth in statutory profit to $63.6 million in HY22 as white-collar staff return to the office.
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Money Management Original
Court approves HUB24 acquisition of Class
The Supreme Court of New South Wales has approved HUB24’s acquisition of Class and its decision will be forwarded to the Australian Securities and Investments Commission before it becomes legally effective.
Industry News
Janus Henderson sells quantitative equities arm
Investors have withdrawn US$5.2 billion from Janus Henderson’s quantitative equities arm in the past quarter, prompting the firm to announce it will sell the division after it suffered underperformance.
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Industry News
FSC welcomes bipartisan support for RIC and CCIV
The Financial Services Council has welcomed the bipartisan support for the Retirement Income Covenant and Corporate Collective Investment Vehicle.
Editorial
Money Management Original
A great year ahead
After a hectic few years, advisers will finally have the chance this year to look inward at how they can improve their businesses.
InFocus
Money Management Original
InFocus: 2022: The financial advice redesign is underway
2022 is set to have less compliance and regulatory activity, writes Zach Castles, leaving advisers with more time to focus on helping consumers and improving their businesses.
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