FRIDAY WEALTH MANAGEMENT UPDATE 1 Oct 2021

Spaceship raises account fees. https://www.investordaily.com.au/latest-news/49996-spaceship-raises-account-fees-for-the-first-time

Environmental, social, and governance ETFs and ETPs experienced net inflows of US$11.24 billion in August. https://www.investordaily.com.au/markets/49978-esg-etfs-etps-boom-with-billion-dollar-inflows

Clean Energy Finance Corporation backs Artesian Green and Sustainable Bond Fund with $25 million. https://www.investordaily.com.au/superannuation/49979-cefc-backs-aussie-first-corporate-green-bond-with-25m

Finbold research reveals APAC Neobanks onboard > 130 million new customers in 2021. https://finbold.com/neobanks-in-apac-onboard-more-than-130-million-new-customers-in-2021/

TPG Capital leads $1.38 billion bid for Australian salary packaging and fleet management services company Smartgroup. https://www.afr.com/street-talk/tpg-consortium-packages-up-1-38b-bid-for-smartgroup-20210929-p58vm0

MFS Investment Management launches small cap fund, MFS Global New Discovery Trust. https://www.moneymanagement.com.au/news/people-products/mfs-launches-small-cap-fund

APRA proposes more stringent rules around how super funds value unlisted assets. https://www.financialstandard.com.au/news/apra-proposes-further-unlisted-valuation-rules-179789883

MLC Life Insurance launches new range of income protection insurance products with Income Assure and Income Assure+. https://www.mlcinsurance.com.au/about-us/media/mlc-life-insurance-launches-new-income-protection-product-range

WAM Capital makes bid to acquire PM Capital Asian Opportunities Fund. https://www.moneymanagement.com.au/news/funds-management/wam-capital-targets-pm-capital-fund

Asgard Employee Super to shutter next month. https://www.financialstandard.com.au/news/failing-asgard-super-option-to-close-179789887

Vanguard lowers costs of several Australian fixed-interest funds. https://www.ifa.com.au/news/30158-vanguard-cuts-costs-on-fixed-interest-funds

Government releases exposure draft legislation and consultation documents for the Better Advice Bill, includes increase in the Financial Adviser Standards and Ethics Authority FASEA exam fee. https://www.moneymanagement.com.au/news/financial-planning/advisers-pay-more-fasea-exam-under-asic

AFA announces the winners of Great Advice Awards: https://www.adviservoice.com.au/2021/09/winners-of-afa-great-advice-awards-announced/

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