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Advice group rebuilds following regulatory headwindsBY DARREN SNYDER | MONDAY, 26 NOV 2018 12:55PM
A financial advice group specialising in self-managed superannuation funds and residential property investment acknowledged it's hurt from recent regulatory burdens. However, there are opportunities afoot for the ASX-listed business, including an entry into funds management.
Read more: Spring FG, financial advice, Keith Cullen, MoneyBrilliant, Royal Commission, Spring Financial Group, Wealth Today, financial planning
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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.
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The administrator appointed to embattled investment group iProsperity, Cor Cordis, has released a damning creditors' report which includes accusations of Ponzi scheme style payments.
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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.
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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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