MM Newsletter
  13 September, 2021
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Latest News
Money Management Original
Super mergers lead to unintended common ownership issues
As the Government grapples with the superannuation industry having too much control over capital, its push for super mergers is having the unintended consequence of further consolidating that capital.
Money Management Original
ASIC chair probed on governance review of regulator
The corporate regulator’s new chair, Joe Longo, believes that reading the publicly available report of the regulator’s governance practices is sufficient and has not asked to see the unredacted version.
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Money Management Original
APRA points to mandate as reason for YFYS pass/fail result
The prudential regulator has been questioned on whether its superannuation Your Future, Your Super test pass/fail result was enough to help funds improve.
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Money Management Original
Tech helps service less profitable clients
The use of technology has given 28% of financial advice businesses a leg up when it comes to improving the affordability of advice, according to a report.
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Where leading investors find value in emerging markets
While valuations are stretched in the developing world, emerging markets equities remain relatively attractive. Realindex Investments Senior Quantitative Portfolio Manager Dr Joanna Nash looks at how investors can gain a top down exposure to the growth opportunity, without falling into the trap of becoming overweight to index-dominant China.
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Industry News
Pandemic causes ‘she-cession’ as gender pay gap widens
The gender pay gap has widened to 14.2%, the largest full-time weekly wage gap since 2016 as more women exit the workforce.
Industry News
Advisers replace active management with smart beta ETFs
Advisers are increasing their use of exchange traded funds to reduce overall portfolio costs, and 75% of advisers think smart beta strategies are going to become more prevalent in portfolios, according to a survey.
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Industry News
Vanguard Australia appoints MD
Daniel Shrimski has been appointed managing director and will replace Frank Kolimago who will become global head of talent management for Vanguard Group in Philadelphia, US.
Industry News
Group faces 72 criminal offences after alleged phoenix activity
Four associates and a lawyer have been charged with criminal offences after Members Alliance and Benchmark groups collapsed with the corporate regulator alleging the groups were associated with phoenix activity.
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Industry News
Govt appoints inaugural FRAA board
Former Macquarie Group chief executive Nicholas Moore will be chair of the authority that will oversee the corporate and prudential regulators.
Industry News
Iress/EQT deal given 10-day extension
This is on top of the initial 30-day due diligence period for EQT’s potential acquisition of Iress via a scheme of arrangement.
Editorial
Money Management Original
Govt needs to explain YFYS performance test nuances to members
The ‘pass’ or ‘fail’ mark of a superannuation fund can be construed as a rubber stamp of approval or disapproval from the Government so it is on them, along with super funds, to explain what the test actually means.
InFocus
Money Management Original
InFocus: Is TikTok advice any better than ‘the man down the pub’?
While finfluencers are on the rise and targeting younger investors, this presents an opportunity for advisers to help investors separate the information from the noise, writes Laura Dew.
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