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Advice associations welcome ASIC stanceBY HARRISON WORLEY | WEDNESDAY, 27 NOV 2019 11:51AM
Australia's peak financial planning bodies have welcomed ASIC's stance on the Financial Planners and Advisers code of ethics, however remain concerned about the workability of certain standards.
Read more: ASIC, Standard, AFA, FPA, FASEA, Phil Kewin, Association of Financial Advisers, Financial Planning Association of Australia, Financial advice, Dante De Gori
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Towards a perfect currency solution
Schroders has hired from RBC to appoint a head of private debt for Australia, as it builds out a private assets offering for local investors.
The administrator appointed to embattled investment group iProsperity, Cor Cordis, has released a damning creditors' report which includes accusations of Ponzi scheme style payments.
Reserve Bank of Australia governor Philip Lowe said the legislated increase to the superannuation guarantee will impact wage growth and the government will need to weigh up the impacts of that.
National Australia Bank has reported a 7% fall in cash earnings to $1.55 billion for the third quarter, as the bank confirms it is still "actively exploring" options for the sale of its wealth management business.
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