MM Newsletter
  25 March, 2021
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Money Management Original
SMSFs trustees placed at risk by Govt legislation
The Government’s controversial Your Future, Your Super and its best financial interests duty has placed SMSF trustees at risk, according to the major accounting groups.
Money Management Original
Vertical integration end will lower advice cost
Independent financial advisers who are unencumbered by vertically integrated institutional models will be able to save costs with greater access to a broader platform and administration sector, according to WealthO2.
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Money Management Original
ASIC clarifies the reverse evidential burden on super
The Australian Securities and Investments Commission has made clear how it sees the controversial reversal of the evidential burden of proof playing out around the proposed new best financial interests test for superannuation funds.
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Money Management Original
12-month deferral urged to super performance tests
The significant absence of regulatory detail means that the Government should defer its proposed superannuation performance tests until next year, a Parliamentary Committee has been told.
Industry News
HGL buys fund manager with its own AFSL
HGL Limited has re-entered funds management by acquiring Supervised Investments Australia, a fund manager with an investment management agreement for The Supervised Fund and its own Australian financial services licence.
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Industry News
Investec corporate loan book sold to Metrics
Investec Australia has sold its corporate loan book to Metrics Credit Partners as part of its move to exit its Australian business.
Industry News
FEW and IOOF relaunches gender equality award
The Financial Executive Women Positive Progression of Women Award aims to recognize and celebrate individuals who have promoted and contributed to supporting gender equality in financial, professional, and fintech services.
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Industry News
Westpac reviews its NZ business
Westpac is considering a demerger of its New Zealand operations in the wake of new requirements put in place by the Reserve Bank of New Zealand.
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Industry News
Economic Recovery and Factor Performance
The shock to markets in 2020 has left the investment landscape in an unusual position, writes Mike Akers, with five factors impacting a portfolio’s performance.
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Crowns
Money Management Research
The newly-rated fund returning 112% in three years
There were five funds in this FE fundinfo Crown Fund Rating rebalance which received the highest ranking in their first-ever rating.
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