MM Newsletter
04 Oct 2023
Latest News
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Why are fund managers reluctant to discuss Voice referendum?

Growing public sentiment has seen Australia’s corporate world and super funds venture into conversations around the Voice to Parliament, but it appears fund managers are more reluctant to reveal their stance.

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Government releases $3m super tax reform draft legislation

The federal government has released exposure draft legislation towards doubling the concessional tax rate for super balances exceeding $3 million.

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RBA holds rates steady but tightening bias lingers

Michele Bullock’s first rate call of a hold has been in line with market expectations, though the central bank and economists are hesitant to rule out a further hike while inflation risk remains on the upside.

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Iress completes $52m MFA sale

Iress has completed the sale of its managed funds administration business to SS&C Technologies, with managed portfolio CEO John Harris to depart.

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The role for advisers in navigating complex family discussions

Consumers believe professional advice could help them openly discuss finances with their family as less than a quarter have discussed estate and inheritance planning with family members, according to Findex.

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Robeco appoints ETF head from Fidelity

Global fund manager Robeco has appointed Nick King as head of ETFs as it seeks to expand its business with an ETF platform.

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Going for broke: The advisers stealing to feed gambling addictions

With three separate financial advisers facing criminal proceedings this year having struggled with gambling problems, access to client money combined with a stressful job can be a “perfect storm”, according to experts.

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