MM Newsletter
  20 November, 2020
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Latest News
Money Management Original
ASIC’s adviser reference-checking protocols potentially ‘prejudicial’
Financial advisers could be placed at risk of retribution when switching licensees under the reference checking protocols being put forward by the Australian Securities and Investments Commission, according to the Stockbrokers and Financial Advisers Association.
Money Management Original
Government’s Retirement Income Review will heat up SG battle
The finding of the Retirement Income Review that superannuation guarantee increases erode increases in real wages seems destined to heat up the debate between the Government, the superannuation industry and the trade union movement.
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Industry News
Govt’s super approach would force many to work into their 70s
At the same time as the Government is due to release the report of the Retirement Income Review the trade union movement has released its own report claiming that failing to lift the superannuation guarantee will see people forced to work into their 70s.
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Money Management Original
Keeping it verbal: Why a behavioural report on ASIC management is not available
The Australian Securities and Investments Commission retained the services of a special behavioural analysis firm to observe meetings of its leadership team but is claiming there was only an overall verbal response and individual reports to the ASIC commissioners.
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Money Management Original
Over 30 advisers leave the industry
The exodus of financial planners continues as this week saw a further loss of 35 adviser roles, with AMP Financial Planning seeing again the highest number of departures, according to HFS Consulting.
Money Management Research
Best year for gold since 2010
The asset class has been the best performer so far this year with the top-performing gold fund domiciled in Australia returning 31.5% so far this year, and 243.3% over five years, according to data.
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Industry News
Distressed companies sought by $300m fund
A $300 million fund has been set up by Arbitrium Capital Partners to help companies at risk of default as a result of COVID-19.
Industry News
Investors risk being caught out by market rotation
Stocks that were doing well during the pandemic are unlikely to reverse when a vaccine has been developed as consumers have adjusted to a ‘new normal’.
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Industry News
Quantifeed completes Series B funding
The platform provider has completed its Series B-plus funding round, led by Franklin Templeton.
Industry News
Theta AM to pay $2m penalty
The liquidated firm’s managing director, Robert Marie, has been ordered by the Federal Court to pay $100,000 after he and the firm were found to have issued five defective product disclosure statements for the Sterling Income Trust.
Industry News
ASIC outlines adviser reference checking protocols
The Australian Securities and Investments Commission has released a discussion paper outlining its proposed protocols for adviser reference checking in a bid to stop “rolling bad apples”.
Outsiders
Money Management Original
From the folks who brought you Viagra – a vaccine
Outsider regrets to say that his extensive portfolio of investments does not include pharmaceutical giant Pfizer which at the time of writing has announced that with its German partner, BioNTech has come up with a COVID-19 vaccine which appears to be 90% effective.
Money Management Original
Graceful or not. Who exited fastest in 2020?
As this is the last print edition of Money Management for 2020 but Christmas is still some weeks off, Outsider thought he would start a new tradition – The Rapid Exit Award – and it turns out that 2020 has a few candidates vying for the laurels.
Money Management Original
Sleepy Joe Awakens
Outsider has previously mused over Donald Trump’s messaging cutting through in Australia, with the “Sleepy Joe” moniker catching on with the delegates at the Association of Financial Advisers annual conference last month.
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