MM Newsletter
  30 November, 2020
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Money Management Original
Industry funds defend value of advertising
Amid suggestions the Government is going to crack down on industry funds advertising via changes to the sole purpose test, Industry Super Australia has declared that advertising is a cost-effective way of attracting and retaining members.
Money Management Original
Super industry at odds on SG increase
Challenger’s chair, Jeremy Cooper, is “ambivalent” about the superannuation guarantee increase while Cbus’ Robbie Campo says the increase will benefit those that are seeing inadequate levels of retirement income.
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Money Management Original
FPA wants single point of registration for financial tax advisers
The Financial Planning Association is pointing to the proposed Single Disciplinary Body as the answer for delivering greater regulatory simplicity for financial tax advisers currently overseen by the Tax Practitioners Board.
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Industry News
Income tax savings not going into super
Only 6% of Australians are looking to top up their superannuation with their income tax cut money, indicating those that needed to access their super early used it as a way of surviving income loss, according to a survey.
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A green recovery: the post-pandemic opportunity
AXA Investment Managers’ Michelle Lacey discusses the ‘green lining’ of COVID-19 and why the growth in responsible investing creates a post-pandemic opportunity for advisers and investors.
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Industry News
Experts support stamp duty scrapping
An annual land tax should replace the one-off stamp duty on property purchases, according to experts surveyed by Finder.
Industry News
Gold outperforms most asset classes
In 2020, gold has outperformed most major asset classes and ETF Securities says the outlook for 2021 “remains bright”.
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Industry News
Planners might need better mentoring in 2021
Practice owners might need to make team mentoring their priority post-COVID 19 in 2021, Australian Wealth Solutions says.
Industry News
ASIC cancels two AFSLs
Jels Financial Group and Selectinvest have both had their Australian financial services licences cancelled by the corporate regulator.
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Industry News
Advisers and lawyers impacted by new claims handling licensing
The Australian Securities and Investments Commission has released a new draft document outlining how financial advisers and licensees will need to seek variations to their licensing to participate in the new insurance claims handling regime.
Industry News
Retail and SMSFs short-changed again from capital raisings
Large Australian Securities Exchange listed companies should structure their capital raising offers to maximise access for all investors to a proportionate offer and set aside certain allocations for retail and self-managed superannuation fund investors, a panel believes.
Editorial
Money Management Original
Time for clarity and a clean house on FASEA
The widespread general criticism of the Financial Adviser Standards and Ethics Authority’s latest efforts around code of conduct guidance should be the catalyst for the Government announcing a new approach beginning in 2021.
InFocus
Money Management Original
InFocus: When the big banks left they took their money off the table
There is no lack of competition between licensees to attract good financial planning businesses, but Mike Taylor writes, the days of the deep pockets of the big banks are well and truly over.
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