MM Newsletter
  06 April, 2021
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Latest News
Money Management Original
Have claims-handling bad habits returned to life insurance?
Life insurance claims specialist, Col Fullagar says life insurers appear to be falling back into their bad old ways, including using the Government’s COVID-19 stimulus measures such as JobKeeper against people on claim.
Money Management Original
Adviser numbers still in net outflow
Gains in adviser numbers, counting year-to-date, are still lower than the losses at the licensee level, according to analysis from HFS Consulting.
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Money Management Original
ASIC's Shipton confirms retaining top legal team
The chairman of the Australian Securities and Investments Commission has temporarily returned to his role heading up the regulator but only after retaining the services of some of Australia’s heaviest-hitting lawyers.
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Industry News
Australians rebounding from pandemic
Australians rated as “thriving” by Financial Mindfulness’ Financial Stress Index which has increased after sliding during the COVID-19 pandemic.
Industry News
AllianceBernstein launches fund on Chi-X
The AB Managed Volatility Equities fund from AllianceBernstein will begin trading on the Chi-X Australia platform.
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Industry News
SMSFs looking to cryptocurrency for diversification
Cryptocurrency “dovetails” with the goals of self-managed superannuation funds and aligns with the investment strategies, according to Cointree, but hurdles remain in advisers’ lack of experience with the asset class.
Industry News
Increases to super contribution caps announced
Concessional contributions will see a $2,500 rise, non-concessional contributions a $10,000 rise, and a $100,000 rise for the transfer balance cap.
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Industry News
ASIC bans binary option sales to retail clients
Binary options had resulted in and were likely to result in significant detriment to retail clients, according to the Australian Securities and Investments Commission.
Industry News
APRA imposes capital increases on Macquarie Bank
The regulator has increased Macquarie Bank’s liquidity and operational risk capital requirements after the firm had “persistent difficulties” in meeting its obligations.
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Industry News
ASIC sues CBA over monthly access fees
The corporate regulator is suing the Commonwealth Bank for misleading conduct over its monthly access fees, which saw $55 million incorrectly charged to customers.
Expert Analysis
Money Management Original
Insurers continue to behave badly
Col Fullager examines examples of poor insurer conduct and how the firms could have behaved better towards the client.
Money Management Original
How Super Funds Can Make Scale Pay
Their assets may be increasing but the number of Australia’s superannuation funds is falling and creating ‘mega funds’. Now, they need that scale to work in their favour, Babloo Sarin writes.
Money Management Original
Opportunities for bonds in a post-COVID world
Positive trends are arising from COVID-19, writes Adam Grotzinger, which create mispriced opportunities in corporate bonds.
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Money Management · Level 10, 4 Martin Place, Challis Place · Sydney, NSW 2000 · Australia