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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. |
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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 | 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. |
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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 | 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. |
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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”. |
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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. |
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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. |
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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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