MM Newsletter
  06 May, 2022
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Industry News
Super merger helps ease adviser losses
The merger between superannuation funds Hostplus and Statewide Super has caused a busy week for adviser movements with only a net of five advisers leaving the industry this week.
Money Management Original
Future cybersecurity breaches could incur $525m penalties
RI Advice may have avoided a penalty for its breach of cybersecurity risks but future breaches could incur a penalty as high as $525 million, according to ASIC.
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Money Management Original
Removing the financial threshold test
The financial threshold test should be removed, according to Super Consumers Australia and a leading consumer advocacy lawyer, as measuring net worth is an unreliable indicator of financial literacy.
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Industry News
The profitability uplift of managed accounts
Advice practices using managed accounts are achieving significant profit gains compared to their non-using peers, according to research from Praemium.
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Commodities: Understanding the war in Ukraine
Russia and Ukraine are significant producers and exporters of natural resources. As such, the invasion of Ukraine by Russia has had an immediate impact on the supply of some commodities.
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Money Management Original
Australian property investors seek global exposure
There is huge disparity between property sectors as the world comes out of the pandemic and Australians may be disadvantaged by the ASX’s weighting to retail commercial property.
Industry News
Colonial First State appoints ESG stewardship support
Colonial First State has appointed EOS at Federated Hermes as its global stewardship provider to provide engagement, voting and public policy support for its global equity investments.
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Outsider
Money Management Original
Can’t control the weather
When it comes to a merger of two superannuation funds worth billions of dollars in assets, Outsider would recommend it always pays to do your forward planning and due diligence.
Money Management Original
Tour de bedroom
Outsider is inspired by the news that Wilson Asset Management would be the official partner of the 2022 UCI Road World Championships, an Olympic-scale celebration of cycling in New South Wales, enough to get back on his own bike.
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Money Management Original
Vote for Toto as PM
During a frantic Federal campaign ahead of May’s election, it was bad news for Labor’s candidate, Anthony Albanese, who contracted COVID-19.
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