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28 August, 2020 |
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Latest News |
Money Management Original | Why AMP will pay a price for its conduct | A panel made up of specialist ESG fund managers, advisers and analyst has warned that AMP is likely to pay a significant price for its recent controversy around governance and culture. |
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Industry News | Extra licence conditions placed on NULIS following RC | The superannuation fund will now need to record how it considers members’ best interests when making decisions and improve its governance and control environment, following an investigation by the Australian Prudential Regulation Authority. |
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Sponsored Content | Hidden risks in a safe haven | In this new whitepaper, Macquarie explores the different types of cash products and looks at the place cash plays as part of a portfolio. Request your copy now. |
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Industry News | FSC defends life/risk premium increases | Consumers experiencing life insurance premium rises need to understand the factors driving them, according to the Financial Services Council. |
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Industry News | Insto investors ‘overreacting’ to ESG scandals | Companies which are the subject of bad environmental, social and governance news tend to see greater share price falls as a result of investors ‘overreacting’ to the problem. |
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Industry News | Super fund members may need to work 8 years longer | The events of 2020, including the economic impact of the COVID-19 pandemic, may mean that superannuation fund members will need to keep working anywhere between two and eight years longer before retiring, according to Willis Towers Watson’s research. |
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Industry News | COVID-19 slows Powerwrap flows | One of the key challenges the firm has faced has been inertia and the difficulties faced by corporates deciding to move platform in a time of remote operations. |
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Industry News | Roll FASEA functions into disciplinary body says FPA | The Financial Planning Association has used an updated pre-Budget submission to urge the Government to roll functions of the Financial Adviser Standards and Ethics Authority into the new single disciplinary body. |
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Industry News | Regulatory relief for IPOs | The corporate regulator has offered regulatory relief for initial public offerings following public consultation. |
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Industry News | ANZ announces new chair | Paul O’Sullivan will succeed the retiring David Gonski as the chair of ANZ at the finalisation of the full year results at the end of the October. |
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Industry News | OneVue maintains revenue stability amid pandemic | OneVue has posted a revenue decrease of 1% to $49.1 million in its FY20 results due to market volatility, lower interest rates and the new Protect Your Super legislation but looks ahead to its acquisition by Iress. |
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Outsiders |
Industry News | All the drama of a TV show without the crew | Outsider chuckled when he came across a story about a Japanese television drama about a salaryman who was ascending the ranks of an institution that looked a lot like Japan’s Mitsubishi UFJ Financial Group. |
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Industry News | Queensland, balmy one day, barmier the next | Outsider remembers his first flight from Sydney to Brisbane back in the 1970s flying TAA (Google it) and when the plane landed the pilot welcomed everyone to Queensland where they could set their watches back one hour and two decades. |
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