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| 13 November, 2020 |
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| Latest News |
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| Money Management Original | | ASIC reaches into super trying to couple DDO with member outcomes | | Superannuation funds are being subjected to more scrutiny from the corporate regulator over how they deliver insurance inside super to members at the same time as the regulator has sought to couple its Design and Distribution Obligations regime to the Australian Prudential Regulation Authority’s member outcomes test. |
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| Industry News | | Median balanced fund up 0.5% in October | | While recovery in superannuation funds has been faster and stronger than expected, members still have not been able to fully recover losses since the pandemic brought turmoil to markets in March, according to Super Ratings. |
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| Industry News | | End to hawking welcomed | | It is now officially illegal to hawk a member of a MySuper product into a choice product offered by the same fund and this will ultimately boost retirement savings of Australians, according to Super Consumers Australia. |
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| Industry News | | Deutsche Bank opens cash management business in Australia | | The German multinational investment bank will offer a range of services including current accounts and deposit products, domestic and cross-border payments, and collections as well as liquidity management services. |
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| Industry News | | Findex appoints chief growth officer | | Aon Australia national director of commercial sales, Chris Carey, has been appointed to the newly-created role at the financial advisory firm. |
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| Outsiders |
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| Money Management Original | | Bountiful experiences as first mate takes the helm | | At the time of writing, Australian Securities and Investments Commission chair, James Shipton remains stood aside awaiting a Treasury-instigated independent review of the six-figure sum paid by taxpayers to cover his tax advice. |
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| Money Management Original | | Getting to the bottom of illicit habits | | Outsider knows that there are those who believe that some inhabitants of Sydney’s so-called big end of town occasionally indulge in illicit substances reflective of their large incomes but, let’s face it, the big end of town has been pretty much empty since March. |
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