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Adviser banned for five yearsBY ELIZA BAVIN | TUESDAY, 26 MAY 2020 11:58AM
A financial adviser who cycled through seven AFSLs in nine years has been banned after ASIC found he provided poor SMSF advice and based insurance advice on the commission he'd receive.
Read more: ASIC, Spectrum Wealth Advisers, Sean Lewis, GWM Adviser Services, AMP Financial Planning, Chubb Insurance Australia, Consolidated Mercantile Group, Meritum Financial Group, NAB, National Australia Bank, Wealth Today
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Towards a perfect currency solution
There is a good chance the planned superannuation guarantee increase to 12% will be deferred again as the nation continues to struggle with the effects of COVID-19, according to Mercer senior partner David Knox.
BetaShares' ETF that tracks crude oil futures is once again changing the length of contracts it tracks and is taking extra measures to automatically convert the ETF to all cash if oil futures drop significantly again.
The global fund manager saw its profits tumble 196% following net outflows of close to $19 billion in the first half of this year, resulting in heavy hits to fee and commission income.
Chi-X TraCRs and funds will now be offered on a privately owned wealth management platform, granting financial advisers and their clients access to some of the world's biggest listed companies.
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