MM Newsletter
  17 February, 2021
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Money Management Original
Should wholesale advice clients be treated differently under PI?
Wholesale clients should have the financial capability and knowledge necessary to rely on professional indemnity insurance rather than accessing the proposed new compensation scheme of last resort.
Money Management Original
Scaled advice not in best interests for life/risk
Scaled advice may reduce the cost of advice, but in the case of life/risk insurance, it may not adequately cover the best interests duty for the client.
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Money Management Original
PM mulling plan to cut SG rise: Opposition
Members of Parliament earn more super in one term than many retirees can expect to earn during their working lifetime, according to Shadow Minister for Financial Services and Superannuation, Stephen Jones.
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Industry News
Pandemic brings ESG factors to the fore
Investors and companies are expected to face greater scrutiny over their environmental, social and governance credentials in the post-pandemic world, according to First Sentier Investors.
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Industry News
Ausbil sustainable fund divests from fossil fuels
Ausbil’s Active Sustainable Equity fund has announced it will formally exclude fossil fuels from its funds, as it marks its three-year anniversary.
Industry News
CBA found liable on 12,119 instances of overcharged interest
The Australian Securities and Investments Commission has successfully pursued a Royal Commission case study referral against the Commonwealth Bank involving overcharged interest on business overdraft accounts.
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Industry News
Iress appoints corporate development head
Warwick Angus has been appointed to the newly-created role of head of corporate development and market infrastructure.
Industry News
Class acquires ReckonDocs
The self-managed super technology platform has acquired the documentation services which will be completed by the beginning of next month.
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Industry News
Count Financial appoints support manager
Henry Cai has been appointed as the firm’s new licensee systems training and support manager.
Features
Money Management Original
Advice during COVID-19
Financial advisers have found the greatest benefit of the pandemic has been clients realising the value of their advice, writes Laura Dew, even if it meant them receiving it digitally.
Money Management Original
Meeting clients’ ESG demands
Financial advisers looking to include ethical investing into their offering should “just do it”, Jassmyn Goh writes, or they may find clients, especially younger ones, will start demanding it.
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Money Management · Level 10, 4 Martin Place, Challis Place · Sydney, NSW 2000 · Australia