MM Newsletter
  11 February, 2022
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Latest News
Industry News
A surprising week for adviser numbers
After many weeks with heavy losses in adviser numbers, there is finally some encouragement for 2022 and a surge in provisional advisers.
Industry News
Industry endorses passing of RIC
Organisations from multiple parts of the financial services industry have universally welcomed the passing of the Retirement Income Covenant, but say helping consumers with product complexity comes next.
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Why Retirees Need A Certain Confidence
Retirees should be able to sleep easy at night knowing their sharemarket-exposed capital is protected against market falls. Their confidence shouldn’t go up or down on the whims of sharemarkets.
Industry News
Voice of the existing clients important: AFA
The Association of Financial Advisers has said that although the Quality of Advice Review was well drafted, there is still a need to make a number of recommendations, including hearing the voice of existing clients.
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Money Management Research
Aussie funds hit hardest by January’s losses
Some 98.7% of funds in the Australian equity sector lost money during January, according to data from FE fundinfo, with the most losses sustained in the Australia Equity Geared sector.
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ESG Investing - Where to for Australia?
ESG investing continues to be an area of growth and focus for asset managers, financial advisers, and investors, alike. What does this mean for Australia’s investment sector?
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Industry News
ACSI responds to Senate blocking proxy advice reform
ACSI is pleased to see the Senate block reforms to proxy advice saying the system had already been working well to deliver quality advice that supports investors and millions of superannuation fund members.
Industry News
PE Capital Funds Management ordered into liquidation
The Federal Court has ordered managed investment scheme operator, PE Capital Funds Management, into liquidation due to operating schemes without a licence.
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Industry News
AMP Capital becomes Collimate Capital
AMP Capital has announced it will rebrand as Collimate Capital to reflect the new direction following its demerger.
Industry News
NAB profits reach $1.8 bn
National Australia Bank (NAB) has reported their December quarter earnings, posting a 12% increase in cash earnings compared with the quarterly average of the second half of 2021.
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Industry News
AMP reports $252m loss for 2021
AMP has outlined a statutory net loss of $252 million for 2021 in its full-year results today, compared to a profit of $177 million a year ago.
Outsider
Money Management Original
Contactless delivery
Mingling at drinks receptions might be back on the agenda but that doesn’t mean Omicron has gone away.
Money Management Original
A timely union
While Outsider wouldn’t admit to watching reality TV, he can’t help if it’s on when he walks back and forth across the lounge.
Money Management Original
Keeping schtum on advice plans
As Federal election campaigning goes into full swing, marked by the Prime Minister’s appearance at the National Press Club, Outsider wonders when or if there will be a meaningful distinction in advice-related policy between the major parties.
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