MM Newsletter
  12 November, 2021
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Money Management Original
What advice are most advisers giving?
Most advisers are either giving superannuation and managed investments product advice but there are 200 advisers on the corporate regulator’s register that should not be classed as advisers, according to Wealth Data.
Money Management Original
Expect banks to break into roboadvice
It is “highly unlikely” that the big four banks will not enter the roboadvice space in the future as they will be unwilling to give up market share to an incumbent.
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Money Management Original
Unchanged CSLR bill will leave Sterling victims uncompensated
Victims of the collapsed Sterling Income Trust will be unable to access redress through the complaints authority if the proposed compensation scheme of last resort bill is passed with product exemptions, according to an association.
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Money Management Original
Green hydrogen a ‘bright light’ for Australia
Australia is in a strong position to be a global leader for green hydrogen exports, according to Quinbrook Infrastructure Partners.
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Industry News
ESG uptake by asset managers reaches 95%
Australian asset managers’ integration of environmental, social and governance investments has reached 95%, with the US lagging behind at 82%, according to Russell Investments.
Industry News
ASFA supports super portfolio disclosure regulations
Changes to the superannuation portfolio holdings disclosure regulations will achieve greater transparency for consumers, according to the Association of Superannuation Funds of Australia.
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Industry News
U Ethical appoints CIO
Following the retirement of its chief investment officer, James Cook, U Ethical Investors has promoted its deputy CIO, Jon Fernie, to the role.
Industry News
ASIC levy reduction cuts cost recovery by two-thirds
The corporate regulator estimates the reduction in its levy for financial advisers decreased its estimated cost recovery scheme by $45 million and noted any criticism of the industry funding model is a matter for Government.
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Outsider
Money Management Original
A zero for Australia’s climate policy
After years discussing the ins and outs of superannuation, Tim Wilson, has been thrown in the deep end with his new Parliamentary role, defending the Government’s controversial climate action plan.
Money Management Original
A competitive game
Outsider gives his congratulations to asset manager GQG which floated on the Australian Securities Exchange last month with a market cap of $5.9 billion.
Money Management Original
What is in a name?
Outsider drew a sharp breath while monitoring the Australian Securities Exchange and noticed that IOOF had announced that it would rebrand.
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