MM Newsletter
  12 March, 2021
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Latest News
Money Management Original
How IOOF has added two years to its lookback
IOOF is subjecting advisers under its licenses to additional lookback scrutiny to give it confidence it has covered off all the issues.
Money Management Original
Why are advisers not reporting passing the FASEA exam?
Although this week saw another significant drop in adviser numbers, the analysis has additionally found that the majority of advisers who pass the FASEA exams fail to report it to the ASIC’s Financial Adviser Register.
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Money Management Original
Fee compression deters global managers from Australia
The introduction of MySuper has led to firms needing to offer cost-effective products which could put firms off entering the country, according to Federated Hermes.
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Industry News
CBA wants staff to vote for wage theft: FSU
The Finance Sector Union has spoken out against the new enterprise agreement which they say will further erode basic entitlements for the bank’s employees.
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Money Management Research
Will the new climate change ETFs make an impact?
BetaShares and VanEck have both launched climate changed-focused exchange traded funds in the last month, into a market that lacks impact-focused funds.
Industry News
Managed account FUM reach $95.2b
The majority has been driven by positive stockmarket performance in the last six months of 2020 with less than half of the $15.4 billion increase in funds under management coming from inflows.
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Industry News
Midwinter integrates with Omnium
Midwinter’s AdviceOS has now been integrated with life insurance data from Omnium.
Industry News
NSW Fire Super appoints IFAA Group as administrator
The IFAA Group would be the administrator from 1 May, 2021, and was chosen due to its client focus, and technology capabilities.
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Outsiders
Money Management Original
Which Wu is who in the funds management zoo?
Will the real Simon Wu please stand up? There is only one Outsider but apparently there are two Simon Wus operating in the Australian funds management industry.
Money Management Original
Back to the future with Tyndall
Outsider has been around long enough to know that if you wait long enough some of the fashions you were wearing 20 years ago come back into fashion. Well, almost. And so he was pleased to see that a couple of old golf polo shirts that had been sitting in the bottom of his drawer for around a decade might warrant another outing.
Money Management Original
No paparazzi – Outsider ain’t feeling pretty
Outsider has sought to stay away from the Melissa Caddick financial planning fraud scandal because, frankly, he thinks coverage has reflected badly in general terms on financial advisers and the financial sector more broadly.
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Money Management · Level 10, 4 Martin Place, Challis Place · Sydney, NSW 2000 · Australia