MM Newsletter
  13 December, 2021
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Industry News
AIOFP criticises unsupportive younger advisers
The Association of Independently Owned Financial Professionals has criticised “elitist” younger advisers who do not support Labor’s proposed education exemption for older advisers.
Money Management Original
Regulators need start trusting the advice industry again
The regulatory overreach placed on the industry has led to poor outcomes for advice clients and regulators need to start trusting the industry again, an adviser believes.
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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.
Money Management Original
Hume wrong not to regulate finfluencers: SAFAA
The Government should be regulating finfluencers and they are not the same as getting advice from a taxi driver or guy “at the pub”, according to the Stockbrokers and Financial Advisers Association.
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Industry News
November exam problem areas highlighted
Understanding the code of ethics, statements of advice, breach reporting, and identifying inappropriate advice are some of the key problem areas advisers struggled with in the November exam.
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Think global. Think macro. Think sustainable investing.
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Industry News
Evergreen favours equities despite inflation
The 2021 ‘Evergreen Consultants Long Term Expected Returns Framework’ report expects inflation to reset moderately higher at 2.25% over the medium to longer term while Australian equities are forecast to grow by 7.75% over the long term.
Industry News
ASIC signs MoU with Croatia
The corporate regulator has signed a new memorandum of understanding with the Croatian Financial Services Supervisory Agency regarding alternative investment funds.
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Industry News
Super trustees not proactive with insurance explanations
The Australian Securities and Investments Commission has warned super funds to better explain income protection insurance as it can dwindle super balances for particular member segments.
Industry News
FSC appoints two to board
Scott Hartley, AMP Australian Wealth Management chief executive, has been appointed to the Financial Services Council board of directors along with Challenger executive, Michelle Taylor.
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Industry News
Half of advisers pass final FASEA exam
Only 52% of advisers passed the final exam before the 1 January, 2022 deadline, with just under 18,000 having passed the exam in total.
Editorial
Money Management Original
The end of year rush
All eyes will be looking at the compensation scheme of last resort legislation in its final form as it could pass before the end of the year along with what direction the education authority will take on Standard 3.
InFocus
Money Management Original
InFocus: Successful advice firms will need new operating model
Financial advice businesses will need a new operating model if they want to remain successful which will be underpinned by technology creating more efficiencies, writes Oksana Patron.
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