MM Newsletter
  26 July, 2021
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Latest News
Money Management Original
What is the ASIC levy funding?
There were six main areas the corporate watchdog focused on which led to a $16.5 million increase in costs of regulating the financial advice sector.
Industry News
ASIC levy increase will cause more practices to close: FPA
The association says the current levy formula is not sustainable and needs to be reviewed immediately.
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Reimagining buildings on the journey to net zero
Approximately one third of all global carbon emissions come from the real estate sector. First Sentier Investors Head of Global Property Securities, Stephen Hayes, highlights the opportunity set for investors in the coming decade.
Money Management Original
Software yet to support 'true' advice process
Software is currently too focused on product sales and compliance, and advisers find it difficult to use it to conduct activities that connect with clients, according to Lumiant.
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Industry News
Delta points to 1% bond yields within weeks
There is the possibility of the US 10-year bond yields hitting 1% within the next few weeks as the economy worries about the Delta variant spreading globally despite vaccine success boosting macro factors.
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Something has to give
Franklin Templeton Fixed Income CIO Sonal Desai discusses the US Treasuries sharp rally over recent weeks with yields dropping. She outlines 3 possible scenarios and logical implications of each.
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Money Management Original
ASIC levy set to increase for FY 2020-21
Each financial adviser will cost licensees an extra $712 for FY2020-21 as licensees with have to pay the corporate regulator an indicative levy of $1,500 plus $3,138 per financial adviser.
Industry News
Advisers to foot CSLR bill
Around three-quarters of financial advisers will have to fund the cost of the Compensation Scheme of Last Resort, and the range of products included in the government’s proposed scheme is too narrow, according to an association.
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Industry News
Clime names Madison’s national practice manager
Clime Investment Management has announced the appointment of Jason Gapps as national practice manager at Madison Financial Group.
Industry News
Janus Henderson appoints global COO
State Street Alpha chief operating officer, James Lowry, will join Janus Henderson in October from the London office.
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Industry News
Perpetual posts 3% AUM increase in Q4
The last quarter of the financial year saw the investment manager’s assets under management rise to $98.3 billion, and its funds under advice increase 6%.
Industry News
Pendal completes acquisition of TSW
The acquisition of the US investment manager will double its US funds under management and total group funds under management is now around $140 billion.
Editorial
Money Management Original
What was ASIC’s focus on fee-for-no-service all for?
The corporate watchdog has dropped the pursuit of criminal charges relating to AMP Financial Planning’s alleged fee-for-no-service, raising questions on why it was made such a focal point of the Royal Commission.
InFocus
Money Management Original
InFocus: Attracting talent to Advice is not all about the money
Advice practices need to put more work into their culture, career structures and salaries if they want to attract and retain what little supply there is of current and future advisers, Jassmyn Goh writes.
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