MM Newsletter
  19 February, 2021
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Latest News
Money Management Original
Advisers leak from IOOF/MLC licenses
The combined loss of advisers for IOOF/MLC has reached 252 advisers since IOOF announced the purchase of MLC in August last year and is now nearing AMP Group which has lost 261 advisers over the same period, according to HFS Consulting.
Money Management Original
Focus on super ‘frustrating’: panel
The industry should be discussing retirement income rather than superannuation and the super guarantee as it does not encompass the broad range of issues of the retirement system, according to a panel.
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Money Management Original
Iress signals availability of capital for M&As
Iress may still be digesting its acquisition of OneVue but it has signalled that it has both the capital and the appetite for mergers and acquisitions.
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Money Management Original
Advisers need to keep embracing technology
The use of technology has been a benefit to advisers during COVID-19 lockdowns and restrictions, and advisers need to fully embrace how it can be used to streamline all operations, according to Vanguard.
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Money Management Original
Multiple chair roles no hindrance for Iress' Sharp
Iress has dismissed concerns of ‘overboarding’ despite new chair Roger Sharp having five other chair or deputy chair positions.
Industry News
Asia venture capital needed for economic boost
The recommendations of a report from Senator Andrew Bragg, backed by the Financial and Technology Centre Advisory Group, says the Federal Government needs to incentivise Asian investment.
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Industry News
ANZ’s cash profit up
ANZ has announced a 54% rise in unaudited cash profit from continuing operations to $1.81 billion while its unaudited statutory profit after tax for Q1 stood at $1.62 billion.
Industry News
Iress reports 9% decline in NPAT but OneVue a key focus
Iress has reported a 9% decline in net profit after tax but the OneVue integration is a key focus for 2021 as it looks to grow funds registry by value and funds.
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Industry News
Aus Ethical expands team
The ethical investment firm has expanded its adviser sales, distribution and investment teams.
Industry News
New chair named for Iress
Tony D’Aloisio will retire from the Iress board in May to be replaced by former ABN Amro executive, Roger Sharp.
Outsiders
Money Management Original
Dear Jane, it’s a different tune but the same hymn sheet
Outsider has been hoping beyond hope that “Persevering Jane”, the Minister for Superannuation, Financial Services and the Digital Economy, Senator Jane Hume, was speaking tongue in cheek when she told the recent Association of Superannuation Funds of Australia conference that she was receiving good news from super fund boards and executives which did not line up with the bad news from industry organisations.
Money Management Original
Heroes come and heroes go but advisers soldier on
Financial planners are more often kicked than heaped with bouquets in the Federal Parliament and so when politicians come along prepared to listen to financial planners and challenge the positions and decisions of the Australian Securities and Investments Commission then they are much to be treasured.
Money Management Original
Manfully facing up to the impending absence of Facebook
It will surprise no one that Outsider is not “on” Facebook. He is definitely on what most would know as “Wrinkly Facebook” aka LinkedIn, but he has never thought that Facebook was the right forum for a gentleman of his stature.
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Money Management · Level 10, 4 Martin Place, Challis Place · Sydney, NSW 2000 · Australia