MM Newsletter
  14 May, 2021
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Latest News
Money Management Original
Almost 60 advisers leave this week
As licensees continue to clean up their books before 30 June, this week saw a departure of 58 advisers, according to HFS Consulting.
Money Management Original
Treasurer’s office insists ASIC will have more, not less staff
Treasurer Josh Frydenberg’s office is arguing that the Australian Securities and Investments Commission has not missed out on staffing resources in the Budget.
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Climate change: the biggest risk and the biggest opportunity
The efforts being made to decarbonise the world are worth trillions in investment opportunities, from renewables to recycling. Check out our new Climate Series.
Industry News
AustralianSuper and Club Plus Super to merge
AustralianSuper and Club Plus Super are in talks to merge after a ‘rigorous process’ of due diligence, creating a $207 billion fund.
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Industry News
SMSF scammers posing as financial advisers
The scammers are promising high returns of 8% to 20% per annum if the investors moved their super balance to a new self-managed superannuation fund.
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AIA Australia holds first Adviser Summit
AIA Australia is on a mission to develop a robust, sustainable insurance industry by getting industry stakeholders working together. The Adviser Summit 2021 was an opportunity to do just that.
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Industry News
MLC pays two COVID-19 claims
MLC Life Insurance has paid only two claims for customers with the COVID-19 virus as Australia manages to see low numbers of cases.
Outsiders
Money Management Original
Plenty of fizz in Douglass as he backs himself
Outsider would never be so unkind as to repeat the rather cruel description of Magellan boss, Hamish Douglass as “the San Pellegrino of Australian funds management” just because he may not have played his absolute “A” game lately.
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Money Management Original
Aberdeen, Abrdn – the devaluation of vowels?
It goes without saying that Outsider is an elderly gent who sometimes struggles to keep up with modern practices and idioms.
Money Management Original
If only advisers Persevered like Jane Hume
“Did you know that the marginal tax rate in 1973/74 was 66%? Oh my heavens, thank goodness for the Liberal Party,” our persevering Senator Jane Hume said at the FSC Life Insurance Summit.
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Money Management · Level 10, 4 Martin Place, Challis Place · Sydney, NSW 2000 · Australia