MM Newsletter
  12 January, 2021
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Money Management Original
ASIC claims it has no pre-determined compliance rate for advice
The Australian Securities and Investments Commission has claimed it does not enter into advice compliance projects on the basis of pre-determined pass rates.
Money Management Original
AMP FP no longer tops the list
AMP Financial Planning has lost its status as the single biggest financial planning group in Australia by adviser number, according to HFS Consulting’s data from 31 December.
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Don't fight the fed
How should investors respond to a new low yield problem and what to consider when designing your asset allocation for a post-Covid world.
Money Management Original
323% increase in super scam reports
2020 was the year of the Government’s hardship early release superannuation scheme and it was also a year during which the Australian Competition and Consumer Commission recorded a 323% increase in reports of superannuation scams.
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Industry News
Aussie banks rank second in financial penalties
Australian banks accounted for the second-highest financial penalties in 2020, just after American banks, with total fines reaching $981.06 million, according to Finbold.
Money Management Research
Gold 2020 winner
Investors that took safety in gold last year made the right call as the metal was the best-performing sector and has continued seeing high flows into the new year, according to data.
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Money Management Research
Which geographic sectors weathered 2020 the best?
As COVID-19 affected markets around the globe, one particular region returned over 18%, according to data.
Industry News
2021 set for 'rough patches': AMP
Australian shares are likely to be outperformers and can return around 12% this year compared to 8% for global shares, according to AMP Capital.
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Money Management Research
Large v small caps: Which came out on top in 2020?
There was a stark difference in returns last year with one sector returning over 9% and the other over 1%, according to data.
Industry News
Realside make executive appointments
Linda Rudd has been appointed director and partner of Realside Property, while Antoine Pfirsch has been appointed as managing director of Realside Capital.
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Money Management Original
Planners choose Morningstar
For the first time in more than four years financial planners have chosen Morningstar as their preferred research house, effectively ending the long-lasting reign of Lonsec, Oksana Patron writes.
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Industry News
New beginnings for the Newstart Allowance
IOOF TechConnect’s Mark Gleeson explains the changes that advisers need to be aware of for their clients ahead of the move from Newstart to JobSeeker Payment this month.
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