MM Newsletter
  01 December, 2021
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Money Management Original
Are penalties enough to get FFNS payments accelerated?
The corporate regulator believes its guidance along with penalties will help accelerate fee-for-no service remediation payments as there is still $3.7 billion left unpaid.
Money Management Original
Robo-advice a risk for super funds
Superannuation funds will need to balance the risks of fully automated robo-advice in their governance frameworks as the world heads down the road of artificial intelligence, according to PwC.
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Investing ‘groupthink’ rampant like the plague
Longer-term assessment of active fund performance can distinguish between managers that think independently – and those that deliver short-term outperformance by investing with the ‘in-crowd’
Money Management Original
ALRC proposes to rename ‘general’ and ‘personal’ advice
The Australian Law Reform Commission’s interim report on financial services legislation looks to simplify, clarify, and improve the navigability of financial product advice.
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Money Management Original
Follow the future fund and invest in private equity: Pengana
With the Omicron strain disrupting global markets, Pengana Capital has told investors that they should emulate the future fund and consider diversifying into private equity.
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Unmet advice needs present opportunity for advisers
The latest research shows that HNW investors have an array of unmet advice needs and are prepared to pay to plug those gaps, presenting a significant opportunity for advisers.
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Industry News
DDO prompts Schroders to cut PE fund minimum
Schroders will cut the minimum investment limit in its Specialist Private Equity fund to better match what an appropriate portfolio allocation will be, due to design and distribution obligations.
Money Management Original
ASIC levy relief ‘biggest win’ for 2021
Relief from the corporate regulator levy, which could have tripled in three years without action, is the biggest win for the industry this year, according to the Association of Financial Advisers.
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Industry News
Fortlake hits $1b FUM
After less than a year of operation, the firm has hit its funds under management goal four years ahead of schedule.
Industry News
AMP looks to serve retirement market
AMP Limited will look to “better serve” the retirement market and take its products direct to clients following the demerger with AMP Capital’s private markets business.
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Industry News
Financial Momentum joins Count Financial
Financial Momentum is the latest firm to join the Count Financial national advice community.
Features
Money Management Original
A case of déjà vu
There was no let-up in compliance and regulatory changes for financial advisers in 2021, writes Laura Dew, as they rushed to meet the FASEA deadline by the end of the year.
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