MM Newsletter
  25 August, 2021
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Latest News
Money Management Original
Compliance a barrier for multidisciplinary advisers
The complexity of compliance frameworks for financial advice makes it more difficult to be a multidisciplinary adviser.
Industry News
Enforcement costs should be removed from ASIC levy
The Association of Financial Advisers has called for a permanent removal of enforcement costs along with costs associated with investigation and actions against unlicensed operators from the corporate regulator’s financial adviser levy.
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Industry News
FSC and FPA to create fee disclosure code
The two industry bodies are working on a set of requirements to support an industry standard on advice fee consent and arrangements as it believes solutions to fee complexity will not come from regulators.
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Money Management Original
CSLR levy needs to be sustainable for small business: CA ANZ
Declining incomes from the COVID-19 pandemic and ever-rising regulatory costs have crippled small to medium advice businesses, and product issuers should be carrying more of the burden.
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Industry News
Aussies undeterred by pandemic uncertainty
Australians are undeterred from investing by the pandemic as only 17% say they are less likely to invest now, although 66% are worried about their financial future, according to Calastone.
Industry News
Investment professionals support hybrid working model
Blurred work/home lives have led to greater overtime and more burnout, but the industry still favours the benefits of a hybrid workplace for the future.
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Industry News
ASIC bans Richard Pusey for 10 years
The former mortgage broker was an authorised representative able to provide general financial product advice.
Industry News
Perennial’s third private to public fund fully subscribed
It closed its capital raising at $200 million and now managed $500 million in all three combined strategies.
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Industry News
HUB24 NPAT up 20% in FY21
The platform provider posted inflows of $8.9 billion, up 82%, and is targeting a funds under advice range of $63 billion to $70 billion by 30 June, 2023.
Features
Money Management Original
Not another commission
The Royal Commission into Aged Care was not directed at advisers but, Chris Dastoor writes, the outcomes have implicated how clients perceive the industry.
Money Management Original
Is there still a place for LICs?
Last year’s volatility has prompted several listed investment vehicles to move away from the structure but firms operating them say there are still benefits, writes Laura Dew.
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