MM Newsletter
  21 October, 2020
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Industry News
Six Park reveals degree of push behind expansion of scaled advice
The Government is talking about it, the regulator is talking about it and now digital advice player Six Park has released a white paper emphasising the need for an expanded role for scaled advice.
Industry News
FPA points to unreasonable cost of advice changes
With the average cost of a statement of advice having risen to around $2,700 the Financial Planning Association says it’s time to peel back the layers of regulation impeding advisers.
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Money Management Original
Will advisers be made to pay for reducing the cost of advice?
The Government wants financial advice to be made more affordable and a Financial Services Council has canvassed easier scaled advice, technology and less red tape as being part of the answer.
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Money Management Original
Minister of Deregulation needs to be ‘wheeled in’
The deregulation minister should be present at financial services meetings to start reducing red tape and the sooner red tape has been reduced the better, according to a panel.
Sponsored Content
Bridging the platform gap
The digitalisation of advice is creating a breadth of technology partners & solutions for advisers to improve business & client engagement processes. But is it a case of less is more?
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Industry News
Early access scheme impacted adequacy, sustainability, integrity
The COVID-19 early release superannuation scheme has forced people to choose between poverty now or poverty in retirement, the Australian Institute of Superannuation Trustee believes.
Industry News
Specialist SMSF advice recognised by FASEA
In the latest FASEA draft guidance, the importance of specialist advice for self-managed superannuation funds has been recognised, according to the SMSF Association.
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Money Management Original
Perpetual looks for advice growth
Perpetual Limited has flagged its preparedness to further grow Perpetual Private via bolt-on acquisitions.
Industry News
Centrepoint appoints national recruitment manager
Charles Smith, former MLC Wealth business growth manager, has been appointed national recruitment manager.
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Money Management Original
Industry needs to better address value of advice
Financial advice needed to focus on improving the value of advice, rather than focusing solely on the cost, according to a panel.
Industry News
Simplify advice definitions to be more affordable
Almost 45% of respondents in a poll said simpler advice definitions was the best way to attain affordable and accessible advice while 35% said reducing regulatory requirements was their top choice.
Money Management Original
Three layers required to solve advice
Regulatory reform, technology and some form of subsidisation are needed to fix advice, according to the FPA chief executive.
Industry News
Sam Henderson sentenced to two years good behaviour
The former financial adviser and Royal Commission witness was given a 25% discount on his sentence due to his guilty plea in August.
Features
Money Management Original
Ironing out the wrinkles in the Budget’s new super approach
Mike Taylor writes that the Government’s Your Future, Your Super Budget announcement might look good at first blush but contains a number of wrinkles which need to be ironed out.
Money Management Original
Exploring the small/mid-cap frontier
As investors search for growth in the new (post-COVID-19) world, Chris Dastoor writes, small/mid-caps are the frontier – although it will require experienced trailblazers to navigate.
Money Management Original
The industry needs smarter regulation
As a part of its wealth management series, Money Management speaks to financial planning groups and asks them to share their views on the industry in a new environment. This month, Money Management spoke to Infocus managing director, Darren Steinhardt, and Roy McKelvie, non-executive director and chair.
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Money Management · Level 10, 4 Martin Place, Challis Place · Sydney, NSW 2000 · Australia