MM Newsletter
  31 July, 2020
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Latest News
Money Management Original
How ASIC preferred consumer group views on tighter IDR time-frames
Consumer groups’ views proved far more effective in convincing the Australian Securities and Investments Commission to tighten internal dispute resolution timeframes to 30 days despite warnings from financial advice firms about complexity.
Industry News
Industry funds hit Morrison on using super as cheap income support
The Federal Government has been accused of abrogating its responsibilities by using early release superannuation as income support – something which is expensive for super fund members but cheap for the Government.
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Industry News
AMP flags chequered first half to ASX
AMP Limited has told the Australian Securities Exchange that its first half has been impacted by market volatility but is predicting an underlying profit of between $140 million and $150 million.
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Money Management Original
Bennelong wins Fund Manager of the Year 2020
Bennelong has won the coveted prize in this year's Money Management Fund Manager of the Year awards and had six nominated funds in five categories.
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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
'Random' tech changes in insurers not enough
Insurers need to partner with insurtechs across their entire business if they are to address legacy technology issues, according to a report.
Industry News
Federal Court finds Brisbane tax agent in contempt
The Federal Court has delivered two judgements against Kent Hacker and his business One Stop Global Staffing for contravening the Tax Agent Services Act 2009 and were in contempt of court.
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Industry News
New investment specialist joins Investors Mutual
Investors Mutual has announced the appointment of Peter McPhee as its new investment specialist for the Loomis Sayles Global Equity Fund, effective immediately.
Industry News
Zenith names new Chant West GM
Zenith Investment Partners has promoted Chant West’s head of research, Ian Fryer, to the position of general manager – Chant West.
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Industry News
ASIC updates complaints guidance
The Australian Securities and Investments Commission has released final updated guidance on how financial firms should deal with consumer and small business complaints.
2020 Fund Manager of the Year
Industry News
Long-term qualitative investment key for Aussie equity champs
With a focus on a qualitative investment strategy which backed the long-term growth of companies with strong management, the Greencape High Conviction fund has won the Money Management Fund Manager of the Year award for Australian Large Cap Equities.
Industry News
Winning with a strong investment committee
Having an experienced investment committee and a strong investment governance structure has given the IOOF Balanced Investor Trust fund the edge to win Money Management’s Multi Asset – Balanced award for 2020.
Outsiders
Industry News
The PWC 11 – only a bargain if you need them
These are challenging times for consultants. Outsider’s heart almost literally bleeds for the chaps at places like Deloitte, KPMG and elsewhere who he is given to understand have taken pay cuts of up to 20% to help their organisations through these difficult times.
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