MM Newsletter
  18 November, 2020
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Latest News
Money Management Original
ASIC and its leadership structure under Parliamentary scrutiny
A key Parliamentary Committee has flagged it will today be giving specific attention to the future structure of Australia’s financial services regulators in the aftermath of the standing aside of Australian Securities and Investments Commission chairman, James Shipton.
Industry News
New move on limited advice licenses amid ASIC review
The SMSF Association has flagged its intention to use the current Australian Securities and Investments Commission review of advice affordability to redesign the limited licensing advice regime which replaced the so-called accountants' exemption.
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Industry News
FASEA regime confirmed as driving early retirements
Retirement was always a primary reason for financial advisers selling their businesses but the Financial Adviser Standards and Ethics Authority has accelerated many retirements, according to new data.
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Money Management Original
Supply in renewables not living up to investor demand
Retail investor demand in renewables is being held back by lack of supply in the market from the production side, according to Redpoint Investment Management.
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5 reasons to automate your managed portfolio report production
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Money Management Original
Reg costs passed down to accounting clients
An advice regulatory framework is needed to encourage advisers to provide affordable advice, as some professional accountants who provide advice have passed costs to clients after committing to compliance obligations, according to CPA Australia.
Money Management Research
Race ramps up between Pfizer and Moderna
As Moderna becomes the second firm to announce a successful COVID-19 vaccine trial, its shares have risen by more than 400% since the start of the year.
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Money Management Original
Hyperion backs Tesla for next decade as it joins S&P 500
The stock’s price rose by 12% on Tuesday but is unlikely to have a ‘meaningful impact’ on its value in the long term but will help it reach a broader reach of consumers, according to Hyperion.
Industry News
New approach needed for income
Australian retirees now need to look for a new approach to income as outdated portfolio strategies have been vulnerable to low interest rates and share market volatility, according to Allianz Retire Plus.
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Industry News
PC recommends increased life insurance funding for mental health
Placing consumers and their treating doctors at the centre of the decision-making process will improve outcomes and reduce the claims costs for life insurers to keep premiums more affordable, the Financial Services Council believes.
Industry News
Deferred loans drop by near 70% from pandemic peak
The value of deferred loans has fallen from $250 billion at its peak in June to $86 billion.
Industry News
Global small caps offer diversification for Aussie investors
Australian investors should consider opportunities in the global small-cap space for a better diversification given that global small caps performed better than the same sector in Australia.
Industry News
Crypto rep charged by ASIC
Former cryptocurrency promoter, John Bigatton, has been charged with operating an unregistered managed investment scheme with the investigation aided by the FBI.
Industry News
ASIC kicks off affordable advice project
The Australian Securities and Investments Commission has given advisers and others until 18 January, next year, to file submissions responding to its affordable advice consultation paper.
Industry News
Adviser pleads guilty to misappropriating $2.9m
Financial adviser Ross Hopkins has pleaded guilty to misappropriating $2.9 million in client funds after an investigation by the corporate regulator.
Features
Money Management Original
2020 – a year of incidents and challenges
Amid the challenges of the COVID-19 pandemic, Australian financial advisers were also witness to significant changes, writes Mike Taylor, not least with respect to AMP and IOOF.
Money Management Original
A community of commitment, trust and companionship
As a part of its wealth management series, Money Management speaks to financial planning groups for their views on the industry. This month, Money Management spoke to Futuro Financial Services’ executive chair, Dennis Bashford, and managing director, Paul Kelly.
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