Advice associations slammedBY JAMIE WILLIAMSON | THURSDAY, 3 OCT 2019 12:36PM
An industry group has lashed out at the Association of Financial Advisers and the Financial Planning Association of Australia, labelling them conflicted and driven by self-interest.Read more: UFAA, AFA, FPA, Association of Financial Advisers, FASEA, Financial Planning Association of Australia, Financial Services Council, Financial Standard, Life Insurance Consumer Group, MySuper, Phil Kewin, Royal Commission, United Financial Advisers Association
An activist short seller that accused an ASX-listed agricultural fund of running "scams" was dealt a blow in a Supreme Court judgment handed down yesterday.
The $55 billion industry fund is hiking the cost of its standard insurance cover for most of its members, with those aged 55 to 64 years to be the worst hit.
A former Macquarie Group financial adviser has been permanently banned from the industry, following an ASIC investigation into the adviser's "dishonest" and "misleading" behaviour.
It's the end of the road for a BT multi-asset fund managed by Pendal after 52 years, as investor demand ebbs out.
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