MM Newsletter
  24 July, 2020
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Latest News
Industry News
Federal Government’s action will double early release drawdowns
Superannuation fund industry representatives are expressing concern as funds face outflows of more than $60 billion as a result of the Government’s three-month extension of its hardship early release regime.
Industry News
Aussies fearful of costs in uncertain environment
Some 40% of Australians say they are living paycheque to paycheque in this uncertain environment, according to Finder, as Treasurer Josh Frydenberg announces Australia’s largest budget deficit in history.
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Industry News
Early release extension to continue to erode super
The early release extension reinforces the need to lift the superannuation guarantee to 12%, according to the Association of Superannuation Funds of Australia.
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Industry News
New regulations around class actions ‘bizarre’
New regulations, which bizarrely define class actions as ‘managed investment schemes,’ could stymie the compensation payouts of millions of Australians who have been robbed by big banks, Class Actions Australia said.
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What does the successful advice business of the future look like?
It has to be about more than just survival for financial planning practices as they seek to deal with reduced planner numbers and greater regulatory challenges. It’s about adopting the right business model.
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Industry News
AMP reaches 10 years of pro bono cancer support
The AMP foundation has reached 10 years of its pro bono program which connects advisers in its network to helping cancer patients and their families.
Industry News
Early super access extended to 31 December
The Government has extended its hardship early access superannuation scheme to 31 December.
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Outsiders
Industry News
Mix a Bad Egg with Rice and what do you get?
Outsider has made it a rule never to attend either school or company reunions. Why? Because he does not wish to rub shoulders with those who peaked in high school or those who could not find an exit from a job they claimed to dislike.
Industry News
Time for a temporary cross-border truce
Outsider has nothing but sympathy for his friends and colleagues in Victoria as they seek to deal with the surge in COVID-19 infections and so he is not going to make cheap jokes about the closure of the NSW/Victoria border.
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Industry News
You can run, but can you really hide?
Outsider has often contemplated owning a little pied a terre – somewhere to which he can retreat when the vicissitudes of life at Money Management Central become a little too much. Indeed, for some years he has had his aspirational eye on something around Nelson Bay.
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