MM Newsletter
  31 August, 2021
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Latest News
Money Management Original
Has successful litigation been enough to cover ASIC levy difference?
Successful litigation against NAB, Westpac and Dixon Advisory could add enough to the corporate regulators coffers to cover the difference from the reduced levy.
Industry News
Advice levy revenue almost increased 179% in three years
Without the Government’s intervention, levies on financial advice would have increased from $25.6 million in 2017-18 to an estimated $71.4 million in 2020-21.
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The alphabet soup of income possibilities
Income opportunities can still be found despite uncertainties on rates and market sentiment. Tap into securitised credit to broaden income possibilities
Money Management Original
Advice fee consent bulk of adviser workload
Advisers are now turning to focus on their business growth but the workload around fee consent requirements are a burden and they need efficient processes to lower this load and to decrease the cost to provide advice, according to CFS.
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Money Management Original
‘Sticky’ customer base to help wealth platforms
Wealth platforms are likely to come under pricing pressure in the future, according to Lakehouse Capital, but their “sticky” customer base is likely to help them.
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Playing the long game in China
Increasing affluence in China is changing household spending patterns. Whilst urbanisation benefits our resources sector, the opportunity for Australian businesses is likely to be much broader in the future.
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Industry News
ASIC new enforcement approach more targeted and proportionate
There will be more balance in the corporate watchdog in responding to technical or inadvertent contraventions, according to a law firm.
Industry News
Govt welcomes ASIC plan to reduce ‘red tape’
Outlined in its corporate plan, the Government welcomed the corporate regulator’s embrace of the “deregulation agenda”.
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Money Management Research
Pengana FUM reaches $4b
Pengana Capital Group has seen funds under management reach $4 billion, as the Emerging Companies and High Conviction Equities funds see strong performance over the financial year.
Industry News
Extension needed on ASIC levy relief: Accountants
While the corporate regulator’s levy relief for financial advisers is welcome other financial services participants are also being subject to rising fees that are debilitating and difficult to budget for, according to accounting bodies.
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Industry News
Realside appoints investment director
Realside Financial Group has appointed Justin Laal as its new investment director.
Industry News
Antares appoints PM
Gillian Wilson has been appointed as portfolio manager of Antares Fixed Income, commencing from 13 September, 2021.
Industry News
ASIC levy relief welcomed
Industry bodies have welcomed the Government’s decision to implement a temporary reduction in cost recovery levies for the next two years, as well as a review of the industry funding model.
Expert Analysis
Money Management Original
Enriching the Enricher
The biggest concern from advisers is that they are no longer able to do what they love but there is still room in the industry for innovation and renewed purpose, Jodie Blackledge writes.
Money Management Original
The argument for remutualising Australia
Demutualisation of insurers has led to a destruction of value, writes Michael Pillemer, so remutualising could be a valid idea to rebuild consumer trust.
Money Management Original
The danger of ‘this time it’s different’
Investors may be using the pandemic to find the next FAANG, writes James Williamson, but history shows this period is only the latest cycle.
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