MM Newsletter
  01 March, 2021
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Money Management Original
The lonely Senate voice backing advisers on annual renewals
It took a Government Senator with a significant policy background in financial advice to speak sense on the folly of implementing annual opt-ins just because the Royal Commission said so.
Money Management Original
Frydenberg throws further doubt on SG increases
The Federal Government has again placed doubt on future rises in the superannuation guarantee with the Treasurer, Josh Frydenberg saying he and the Prime Minister are concerned about the impact on Australia’s post-COVID economic recovery.
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Money Management Original
AMP topping up its war chest but what about advice?
If AMP’s joint venture with Ares around its private markets business comes to fruition it will have topped up the company’s commercial war chest but reshaping the advice business remains a significant work in progress.
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Industry News
Experts expect 12% property price rise
By 2023, house prices are expected to rise by 12%, according to experts surveyed by Finder.
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Industry News
Annual renewal unnecessary: AFA
The annual renewal will lead to unintended consequences which will have negative implications for financial advice practices and flow on effects in terms of extra cost and complexity for clients, the Association of Financial Advisers believes.
Industry News
Ignition Advice expands into UK
The Australian fintech will establish new teams in London and Edinburgh, with David Hempson leading the UK business.
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Industry News
Centrepoint reports $1.6m NPAT for H1
The firm has also announced a fully franked special dividend of three cents per share for H1 FY21.
Editorial
Money Management Original
Govt needs to destress licensee balance sheets
If the Government wants the industry to pay for a compensation scheme of last resort then it needs to review and remove many other regulatory costs, starting with professional indemnity insurance.
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InFocus
Money Management Original
InFocus: Minus its big jewels, is the AMP crown worth buying?
Mike Taylor writes that in the wake of Ares pulling back from its bid for the entirety of AMP Limited, the board and shareholders are being made patently aware that separating the company’s component parts is a dangerous strategy.
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