Industry News Funds hit most by early release perform best over 10 years While AustralianSuper, Hostplus, and Cbus had some of the largest drawdowns from the scheme, they also produced some of the best returns over the last decade, according to SuperRatings.

Industry News One tax agent banned and 74 referred to ATO for SMSF failures Tax agents making false claims around Self Managed Superannuation Fund audits are in the sights of the Australian Taxation Office via referrals from the Tax Practitioners Board.

Money Management Research Weighting to China supports EM funds As different emerging market regions struggle with the response to the COVID-19 pandemic, funds that had a weighting to East Asian countries that dealt with it swiftly and early are seeing returns.

Industry News New advisers keep Perpetual Private inflows positive The most senior executives and members of the board have announced a belt-tightening in the face of COVID-19 but the company’s recruitment of new advisers has kept Perpetual Private’s inflows in positive territory.

Industry News IFM proposes new infrastructure finance model to boost investment The industry super fund owned firm is proposing a new way to finance infrastructure construction to help “kick-start” the economy.

Industry News Tax burden hindering Australia being financial hub The Australian government needs to remove excessive taxes that penalise investors in financial services, according to the Financial Services Council.

Industry News Brit expats protect finances ahead of Brexit Over a third of British expats have moved to ‘shore up’ their finances to mitigate the impact of Brexit.

Industry News Is it a good time to be overweight banks? With a possible recovery in the second half of the year and a less severe downturn than initially anticipated, the banking sector might remain an attractive position for investors.

Industry News Switzer launches wealth platform for women The digital platform will focus on the financial issues of women and will be run by Switzer Financial Group chief executive, Maureen Jordan.

Industry News Mix a Bad Egg with Rice and what do you get? Outsider has made it a rule never to attend either school or company reunions. Why? Because he does not wish to rub shoulders with those who peaked in high school or those who could not find an exit from a job they claimed to dislike.

Industry News Time for a temporary cross-border truce Outsider has nothing but sympathy for his friends and colleagues in Victoria as they seek to deal with the surge in COVID-19 infections and so he is not going to make cheap jokes about the closure of the NSW/Victoria border.

Industry News You can run, but can you really hide? Outsider has often contemplated owning a little pied a terre – somewhere to which he can retreat when the vicissitudes of life at Money Management Central become a little too much. Indeed, for some years he has had his aspirational eye on something around Nelson Bay.