MM Newsletter
  14 August, 2020
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Latest News
Money Management Original
AMP FP sees adviser numbers drop below 1,000
The biggest financial planning group in Australia, AMP Financial Planning, has lost 157 advisers so far this year bringing its total adviser complement to less than 1,000 for the first time in many years.
Money Management Original
How ASIC decided against reporting on super fund inducements to employers
The Australian Securities and Investments Commission has reported it simply became too busy to develop a report around superannuation funds seeking to induce employers to nominate them as default funds.
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Inflation - is 2% the right target?
Main Street and Wall Street have divergent opinions about the Fed's longstanding 2% inflation target.
Money Management Original
Culture a top 10 priority for AMP
Despite lingering cultural issues that have dogged the company, chief executive, Francesco De Ferrari said fixing culture is still a major priority.
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Industry News
Charter Hall retail REIT profit down
Charter Hall’s retail real estate investment trust has seen its statutory profit 16.8% down for FY20 due to valuation movements.
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Maybe the Super system isn’t so super after all?
With lingering financial scars from the 2008-09 Global Financial Crisis, many were already worried about how their savings would fare if another shock wave struck. Then it did.
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Industry News
TPB and ABA sign MOU
The Tax Practitioners Board and the Australian Bookkeepers Association have signed a memorandum of understanding to enhance the integrity of BAS agents.
Industry News
Class acquires compliance and documentation provider
Class has acquired Smartcorp for $4.2 million with the transaction to be completed by 20 August.
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Industry News
Schroders appoints head of private debt
Nicole Kidd has been appointed to the newly-created role of head of private debt for Australia at Schroders.
Outsiders
Industry News
Looking for love or a money mule? Outsider’s not your man
Outsider is grateful to be alive and well and living in the Emerald City rather than in Melbourne but, apparently, his relative freedom of movement means that he is missing out on being targeted by romance scammers.
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Industry News
Hot under the collar over APRA’s climate risk recruitment
Outsider does like a Government backbencher who keeps an eye on the jobs being advertised by the financial services regulators, particularly one as arcane as the Australian Prudential Regulation Authority.
Industry News
If ASIC’s Shipton drops out, how will Parliament ever log in?
For the record, Outsider is amongst those who believe that Parliament should be sitting in Canberra whether in the Parliamentary chambers of both houses or via digital/video means such as the ubiquitous Zoom or Skype.
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