Why are fund managers reluctant to discuss Voice referendum?

indigenous australians first nations RIAA

| By Rhea Nath |

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.

AUTHOR

Rhea Nath

Rhea L Nath is a journalist at Money Management. She has previously worked as a business reporter with Dynamic Business and journalist in the multicultural media with Indian Link Media Group. In 2022, she was named Young Journalist of the Year at the NSW Premier’s Multicultural Communications Awards.

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RBA's Bullock makes first rate decision

RBA Phil Lowe monetary policy interest rates

| By Laura Dew |

Funds management

In her first meeting as RBA governor, Michele Bullock has made the monetary policy decision on the monthly cash rate.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Government releases $3m super tax reform draft legislation

Superannuation taxation treasury

| By Rhea Nath |

Superannuation

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

AUTHOR

Rhea Nath

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The biggest people moves of Q3

hires exit appointments people moves

| By Laura Dew |

People & Products

Money Management collates the biggest hires and exits in the financial services space of the last three months.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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First QAR draft legislation just weeks away: Jones

BT Stephen Jones financial advice quality of advice review

| By Laura Dew |

Financial planning

Draft legislation on the first stream of the Quality of Advice Review reforms is expected to be released 'within weeks', according to Minister for Financial Services, Stephen Jones.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Record exam results boost adviser growth

Wealth Data new entrants financial advice exam licensees

| By Jasmine Siljic |

Financial planning

Following a 73 per cent pass rate in the August financial adviser exam, the highest since ASIC took over its administration, a high number of new entrants have joined the advice industry this week, according to Wealth Data.

AUTHOR

Jasmine Siljic

Jasmine Siljic is a journalist at Money Management. Prior to joining MM, she also worked across other Momentum Media brands as an intern and cadet journalist. She recently completed a Bachelor of Media and Communications at Macquarie University.

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Which platforms saw double-digit FUM rises in FY23?

platforms FUM mercer Plan For Life HUB24 netwealth BT praemium macquarie

| By Rhea Nath |

People & Products

While retail market leaders like Insignia had moderate increases, there were at least five platforms with significant rises in the last financial year, including BT’s $35 billion worth of business transitioning to Mercer.

AUTHOR

Rhea Nath

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How much longer for impacted AMP class action members?

amp Alexis George Matt Lawler bolr buyer of last resort the advisers association neil macdonald

| By Laura Dew |

Financial planning

The Advisers Association has expressed disappointment at AMP’s decision to appeal the BOLR verdict while AMP’s Matt Lawler says he hopes mediation will reach “an outcome that allows us to put this behind us”.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Betashares ventures into super industry with acquisition

BetaShares Superannuation ETFs Alex Vynokur

| By Rhea Nath |

Funds management

The fund manager has reached an agreement to acquire Bendigo and Adelaide Bank’s superannuation business, which it believes to be “highly complementary” to its ETF business.

AUTHOR

Rhea Nath

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AMP to appeal BOLR verdict

amp amp financial planning buyer of last resort bolr

| By Laura Dew |

Financial planning

AMP has announced this morning that it intends to appeal the verdict of its Buyer of Last Resort class action.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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