MM Newsletter
  06 August, 2021
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Latest News
Money Management Original
High fees leaving consumers seeking advice via TikTok
Social media influencers taking kickbacks is no different to the ‘bad old days’ of commission, according to one MP, as the regulator cracks down on ‘finfluencers’.
Money Management Original
How many ‘active’ advisers have passed FASEA exam?
The Financial Adviser Standard and Ethics Authority has revealed how many current advisers have passed the exam, but a broader context is required to analyse exact numbers.
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Money Management Original
Advisers should study beyond FASEA requirements
Increased advice demand and a predicted post-COVID upswing are reasons advisers should aim to attain the highest education qualifications possible, according to Kaplan.
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Money Management Original
Companies seek outlets for excess cash
There is an estimated $100 billion in cash sitting on company balance sheets following the pandemic with the expectation for increased buybacks and acquisitions, say commentators.
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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.
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Industry News
YFYS to place downward pressure on fees
The move to include administration fees into the government’s Your Future, Your Super performance test will enhance member returns, according to an association.
Industry News
YFYS reforms complete
The registration of regulations to support the Your Future, Your Super reforms has been completed, while Portfolio Holdings Disclosure regulations will be finalised in the coming weeks.
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Industry News
Qld adviser targets younger entrants to industry
A Queensland-based financial planning firm is aiming to boost the industry’s longevity with a number of initiatives aimed at attracting younger entrants.
Industry News
Westpac leads fees-for-no-service compensation
A review from the corporate regulator of the six largest financial services institutions shows they have collectively paid or offered $1.86 billion in compensation for fees-for-no-service or non-compliant advice.
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Outsider
Money Management Original
Not wimping out of an opportunity
Outsider was amused when he caught wind that ex-Centrepoint Alliance CEO Angus Benbow had surfaced at a place one might call ‘worlds apart’ from his previous firm.
Money Management Original
Board roles galore for ‘chair of Australia’
Another day and another board appointment for Michael Dwyer and Outsider wonders where he finds the time.
Money Management Original
Media no match for quality advice
Outsider was shocked to hear during a Parliamentary committee that consuming financial news was not recommended as a substitute for obtaining professional financial advice.
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