MM Newsletter
  24 August, 2020
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Latest News
Money Management Original
CBA hit with another financial planning class action
The Commonwealth Bank has been hit with another class action – this time involving CommInsure products recommended by Commonwealth Financial Planning and Financial Wisdom advisers.
Industry News
ACTU challenges Morrison on super delay
Any further delay in increasing the superannuation guarantee will not translate to higher wages because employers have no intention of paying them, according to the Australian Council of Trade Unions.
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Money Management Original
ASIC reveals a lack of liquidators to handle COVID-19 liquidations
Who will handle the rush of companies which go bust in the face of COVID-19 when registered liquidators are facing their own set of problems?
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Industry News
Dividend pay outs lowest since GFC
Australia had the greatest impact in the Asia region for its decline in dividend pay outs, with Westpac accounting for three-fifths of the decline in Asia.
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Maybe the Super system isn’t so super after all?
With lingering financial scars from the 2008-09 Global Financial Crisis, many were already worried about how their savings would fare if another shock wave struck. Then it did.
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Industry News
ETF industry reaches $3b FUM
The exchange traded fund provider has reached $3 billion in funds under management, which has doubled within two years.
Industry News
VanEck launches healthcare ETF
VanEck has announced the launch of the Global Healthcare Leaders exchange traded fund which will provide exposure to global healthcare companies.
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Industry News
ESG manager expands to Australia
US-based Promethos Capital is expanding into Australia to offer global and multi-cap equity strategies built around goals such as social justice, gender lens/diversity, and climate resilience.
Industry News
Integrated PS FUA hits $6b
Integrated Portfolio Solutions has announced that its funds under administration has surpassed $6 billion as of 30 June, while the firm has signed its first Asian client and appointed a new non-executive director.
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Industry News
ASIC commences proceedings against RI Advice
The corporate regulator alleged that the IOOF subsidiary failed to have adequate cyber security systems.
Editorial
Industry News
There is a case for deferring, not cancelling a rise in the SG
By the time Australia kicks off 2021, many more businesses will be closed and many more people will be officially unemployed, as opposed to the synthetic unemployment rate being generated by Government measures such as JobKeeper.
InFocus
Industry News
InFocus: Are politicians finally awake to their financial planning mess?
Mike Taylor writes that both Treasury and ASIC are conducting consultations which suggest that politicians of both stripes have finally woken up to the mess created in the financial planning industry.
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