MM Newsletter
  27 November, 2020
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Industry News
Adviser numbers drop below 21,000 in November
The number of actual advisers has dropped through the 21,000 barrier this week, with the loss of a further 31 advisers, according to HFS Consulting’s data.
Money Management Original
First AustralianSuper, now La Trobe offer frequent flyer points
AustralianSuper found itself the subject of controversy when it offered the inducement of Qantas frequent flyer points to new members. Now La Trobe Financial is offering investors as similar incentive.
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A green recovery: the post-pandemic opportunity
AXA Investment Managers’ Michelle Lacey discusses the ‘green lining’ of COVID-19 and why the growth in responsible investing creates a post-pandemic opportunity for advisers and investors.
Money Management Original
ASIC treating Parliamentary question as 'hypothetical'
The Australian Securities and Investments Commission has effectively encouraged parliamentarians to cite any specific instances of the regulator’s personnel briefing the media over its stood-aside chairman, James Shipton.
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Industry News
FASEA reveals October exam underperformance areas
Financial advice regulatory and legal requirements, and applied ethical and professional reasoning and communication, were the two biggest problem areas in the October exam.
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The global pandemic: The sustainable investing experience
The COVID-19 pandemic, market sell-down and subsequent recession has witnessed a growing community of investors seeking a better balance of risk.
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Money Management Original
Not best interest to advise SMSF solely due to cost
The first step should be considering whether making a product recommendation is necessary for advisers with clients that have balances over $500,000, according to BT Financial Group.
Industry News
Lack of will for financial services to close gender gap
There is a lack of willingness on the part of firms in the financial services sector to close the gender pay gap, despite it surpassing 20%.
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Industry News
Eaton Vance steps into carbon neutrality
Eaton Vance has announced its commitment to offset its 2019 carbon emissions, an indicator of an ongoing commitment to the environment and corporate responsibility.
Industry News
FPA announces 2020 award winners
WA-based HPH Solutions has picked up two awards, as the annually presented award reaches its eighth year.
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Industry News
76% pass October FASEA exam
Almost 50% of advisers on ASIC’s Financial Adviser Register have passed the exam, with the average pass rate now at 83%.
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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