MM Newsletter
  28 April, 2021
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Money Management Original
ASIC should emulate the US SEC model to avoid levy rises
If the Australian Securities and Investments Commission had been tougher on the major banks and AMP over advice failings, small licensees would not be forced into paying an unaffordable levy.
Industry News
Super performance test to include admin fees
Administration fees are one of the biggest drains on retirement savings and including them in the test will drive fast improvements to the super savings of over a million super members, according to Super Consumers.
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Money Management Original
Major planning groups in policy discussions
The major financial planning representative groups have met informally to discuss the direction of policy amid the Australia Securities and Investments Commission’s continuing affordable advice review and the Financial Services Council green paper.
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Money Management Original
More competition in advice software, but Iress still top
Iress Xplan remains dominant despite recent acquisitions which have seen more overseas players enter the advice software market.
Industry News
Chinese regulators make first move to limit fund AUMs
China’s largest money market fund has been warned to reduce its fund size, due to the links with Ant Group, in a regulatory first for Chinese funds.
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Industry News
Aussie advisers see lowest rate of ESG requests globally
Despite 83% of individual investors wanting investments that align with their values, just 16% of financial advisers in Australia say they have been asked about environment, social and governance investment.
Industry News
Green bonds issuance near triples in Q1
Issuance of green bonds almost tripled to $111 billion in the first quarter, compared to the same period a year ago, as investors seek alignment with climate-risk and environmental solutions.
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Industry News
UBS appoints fixed income PM
Tom Nash has been appointed as portfolio manager of the asset manager’s Australian fixed income team.
Features
Money Management Original
Shop 'til you drop
As managers focus on the beneficiaries of COVID-19, there is one sector which has both performed strongly during the pandemic and should continue to do so after, writes Laura Dew.
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Money Management Original
A year like no other
The financial consequences of COVID-19 combined with legislative changes mean this will be an unusual tax year for many, Oksana Patron writes.
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