MM Newsletter
  27 August, 2021
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Latest News
Money Management Original
IOOF looks to turnaround MLC Wealth
IOOF is planning to use the next three years to breakeven MLC Wealth and has turned its acquisition focus into an organic growth focus.
Industry News
Count Financial ups incentives to attract quality advisers
Count Financial is offering fee discounts of $10,000-$15,000 per adviser to compete against rivals in recruitment as adviser departures weigh on its financial year results.
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Sponsored Content
Playing the long game in China
Increasing affluence in China is changing household spending patterns. Whilst urbanisation benefits our resources sector, the opportunity for Australian businesses is likely to be much broader in the future.
Money Management Original
Practice development overshadowed by regulatory ‘noise’
Business growth has been challenged regulatory noise, and statements of advice are the most burdensome compliance regime, according to a panel.
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Industry News
Countplus NPAT down 3%
The cessation of grandfathered rebate revenue has driven down the group’s adjusted net profit after tax to $7.444 million for FY21.
Sponsored Content
Making bonds work harder in 3Q21
As inflation kicks in, all bonds crumble? Not so. Find out more about how income opportunities can still be found in different fixed income sectors.
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Money Management Original
Compliance costs force firms to consider select clients
While firms are seeing client enquiries increasing, it is crucial they work with clients who will ensure it is a mutually-beneficial relationship.
Money Management Original
Advisers unlikely to be ruled against in ‘know your client’ complaint
There is a strong likelihood that complaints regarding inappropriate advice will be resolved by agreement rather than a decision against the advisers, according to the Australian Financial Complaints Authority.
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Money Management Research
What’s next for ETFs?
Once used as tactical instruments in a portfolio, exchange traded funds have evolved low-cost ways to build a portfolio.
Industry News
Life insurance performance improves
While investment market performance boosted the industry’s financial performance to $1 billion in FY21, individual disability income insurance continued to report losses.
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Industry News
No all-male boards left on ASX 200
With women appointed to the boards of Silver Lake Resources and Chalice Mining, there is no longer a company on the ASX 200 with an all-male board.
Industry News
IOOF financial advice revenue declines
The firm posted an underlying profit after tax increase of 19.2% despite drops in revenue for advice and investment management for FY21.
Industry News
Link Group’s revenue down 6%
The impact of COVID-19 on the European part of business combined with regulatory changes in retirement and superannuation solutions drove down overall revenue 6% for FY21.
Money Management Original
ASIC levy to continue to fund litigation
The corporate watchdog has confirmed it will use 80% of its funding towards enforcement, supervision, and surveillance activities for financial year 2021-22.
Outsider
Money Management Original
Aligning net zero views
Every once in a while, Outsider gets a wake-up call that leads to some self-reflection and is hoping National Senator, Matthew Canavan, will do the same. For Outsider is referring to the senator’s view on climate change.
Money Management Original
The ‘essential’ role of offices
The Sydney-based Money Management team may be in week nine (and counting) of a hard lockdown but not every firm is suffering work from home problems.
Money Management Original
Do dreams ever come true?
Outsider does not have many, or any, big dreams. All Outsider ever needs to feel content is a single malt, regular golf sessions, and Mrs O not yelling at him. Though, it would be weird if Mrs O was not yelling at Outsider.
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