MM Newsletter
  04 March, 2021
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Money Management Original
Advisers told to charge what their advice is really worth
Instead of allowing a race to the bottom in terms of the cost of providing advice, financial advisers should be accurately assessing what their advice is worth and charging accordingly.
Money Management Original
ASIC urged to use ATO and super to reunite unclaimed remediation monies
Superannuation funds would rather see unclaimed remediation money directed away from charities and consumer groups and towards client’s superannuation accounts via the ATO register.
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Money Management Original
YFYS performance test ignores actual returns
The Government’s Your Future Your Super superannuation performance test needs a collection of multiple metrics rather than a single metric based on a narrow assessment of quality, according to Frontier.
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Industry News
Are you a dealer group recruitment target?
There is plenty of competition between dealer groups to take advantage of the uncertainty which has accompanied IOOF’s acquisition of MLC Wealth by recruiting attractive planning practices. Tell us if you have been affected.
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Money Management Original
US consumer demand yet to be felt
The benefits of US stimulus has yet to be felt in consumer sub-sectors in the global equities space, making them a significant play, according to Bell Asset Management.
Industry News
YFYS does not address retail super funds’ underperformance
The superannuation fund performance test needs to test every super product, not just MySuper products, to avoid underperforming funds escape scrutiny, according to a super body.
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Industry News
Westpac named as global ESG leader
Westpac Bank has been named among the world’s best companies for reporting of environmental, social and governance issues, according to an ESG report, but Australia as a whole fell down over its reporting of stakeholders.
Industry News
Lennox fund added to BT platforms
The Australian Microcap fund has been added to the BT Panorama and BT Wrap platforms.
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Industry News
Platforms contacting advice clients without adviser knowledge
Some platforms have been contacting clients about potential advice fee changes without the knowledge of their adviser, according to WealthO2.
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Money Management Original
The recipe for successfully advising on sustainable investments
Jessie Pettigrew shares how financial advisers can best work with their clients to help them navigate the environmental, social and governance investing landscape.
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Money Management · Level 10, 4 Martin Place, Challis Place · Sydney, NSW 2000 · Australia