MM Newsletter
  16 October, 2020
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Industry News
FASEA was 'built wrong' says ALP
The Financial Adviser Standards and Ethics Authority was built wrong from the outset, has been under-resourced and suffered from bad leadership, according to the Federal Opposition.
Money Management Original
Advice industry needs to prove it is not conflicted: ALP
The Australian Labor Party has signalled its continuing suspicion of commission-based remuneration with Shadow Assistant Treasurer, Stephen Jones saying the advice industry needs to prove a conviction-based sales model attached to an advising sector is able to provide a service to customers that is not conflicted.
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Gross Domestic Past It
GDP went down during the COVID-19 crisis because governments were saving lives. So we shouldn't just use GDP as a sole metric for measuring success. Find out more.
Money Management Original
What makes industry super a billion dollar business
Major industry superannuation fund company, Industry Super Holdings has confirmed that it sits at the top of what amounts to a billion dollar financial services enterprise.
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Money Management Original
Advisers' businesses unsustainable if only looking for cheap licensees
Advisers need to be confident that a prospective licensee will be around in the future if they are looking for a discounted licensee, according to a panel.
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Bridging the platform gap
The digitalisation of advice is creating a breadth of technology partners & solutions for advisers to improve business & client engagement processes. But is it a case of less is more?
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Money Management Original
IML aims to 'stay the course' despite losses
Despite a loss of 17% over the last year, the fund backs its strategy over the long-term and was confident in achieving its yield targets.
Industry News
Five ways the US election could impact markets: FSI
Progressive policy pushes, economic stimulus and relations with China are among the big issues coming into the 2020 election for markets, according to First Sentier Investors.
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Industry News
Economic recovery on track as downside risks diminish
The economic recovery should be able to continue in 2021 as targeted restrictions means any national lockdowns should be able to be avoided, according to Aviva.
Industry News
Why portfolios don’t deliver outcomes?
There are at least six reasons and hidden risks that are potentially affecting the outcomes of portfolios, according to the Northern Trust Asset Management’s analysis.
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Industry News
ASIC obtains orders against fraudulent debt relief company
The corporate regulator has obtained interim orders and injunctions against Debts Knockout and Debts Wipeout, which claimed to “extinguish” consumer debt but failed to pay any creditors.
Industry News
Advisers’ benefit goes beyond financial returns
Focus on avoiding behavioural mistakes and tax-effective investment are among ways that financial advisers help their clients to boost their portfolios, according to Russell Investments.
Outsiders
Money Management Original
It ain’t no spoof, JP Morgan has trumped Westpac in the penalty stakes
Outsider reckons the guys over at Westpac can relax a little over the record penalty they paid as a result of the bank’s AUSTRAC infringements because JP Morgan Chase and Co has managed to make the Westpac penalty look like small change.
Money Management Original
No one goes hungry on the 2020 hungry mile
Outsider has been heartened to hear the news that NSW Premier, Gladys Berejiklian wants people back in their offices in the Sydney central business district as soon as possible.
Money Management Original
A grounded experience for high-flyers turned feather dusters
Outsider knows one or two financial services high-flyers who are normally more than ready to flaunt their triple platinum frequent flyer status but are currently having to endure the more grounded experience of we mere mortals.
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