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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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Report: Building stronger relationships with ESG investing
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The earlier than expected easing of restrictions in Australia that defrosted social and commercial activity has had its desired effect - rebounding business conditions and confidence, and the feared one - a second wave.
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Around 300,000 Australians lodged their second application to access their super early at the start of the new financial year.
Spaceship chief executive Andrew Moore says its managed investments business has been the "single, strongest" source of growth for its $300 million superannuation fund.
Nine industry funds are working with Frontier Advisors to probe new longevity risk products for retiree members, which could include tweaking account-based pensions.
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