MM Newsletter
  26 October, 2020
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Latest News
Money Management Original
Over 80% want a merger of FPA and AFA
Financial advisers believe the industry needs to speak with one voice and over 80% of respondents to a Money Management survey have supported a merger between the Financial Planning Association and the Association of Financial Advisers.
Industry News
ANAO, not ASIC, told Frydenberg about Shipton's expenses
The tax expenses issue which has seen Australian Securities and Investments Commission chairman, James Shipton, stand aside was notified to the Government by the Australian National Audit Office rather than by the regulator.
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Industry News
Pension can’t guarantee successful retirement
Too many Australians are relying on the Age Pension for retirement even though it’s only a safety net, according to Wealth Within.
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Industry News
Westpac earnings to reduce by $1.22b
AUSTRAC will cost the bank $415 million and its goodwill and intangibles associated with Westpac Life Insurance Services will cost $568 million.
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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
Markets buck tradition with support for Biden
Higher taxes and more regulation are usually seen as negative by stockmarkets but the US market is pricing in a Democrat win by Joe Biden.
Industry News
The August reporting sees huge disproportions between businesses
The August reporting season was characterised by significant disproportions between the companies that benefitted from lockdowns, which operated across the online retail and essential services space, and those who had to curtail trading, according to Pengana Capital.
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Industry News
ASIC chair to step aside pending expenses investigation
James Shipton has agreed to step aside due to an investigation into exceeding relocation expense limits for himself and deputy chair Daniel Crennan.
Industry News
NAB nearly out of MLC Wealth but the costs roll on
National Australia Bank has increased its provisioning for client remediation for both non-compliant advice and adviser service fees as its sale of MLC Wealth to IOOF rolls closer to completion.
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Editorial
Money Management Original
FASEA code uncertainty must end
The consultation around the Financial Adviser Standards and Ethics Authority code of ethics must end and the Government must put a definitive timetable on the establishment of a single disciplinary body.
InFocus
Money Management Original
InFocus: Financial advice crucial for Australia’s economic recovery
Financial Services Council policy manager – advice, Zach Castles, argues that regulatory pragmatism can help reduce the cost of financial advice.
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