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Advisers have to act in client's best interests: PM

Prime Minister Tony Abbott has echoed claims that regardless of what the government does to the Future of Financial Advice (FoFA) legislation that financial advisers will still have undefined best interests obligations.

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Read more: Prime Minister Tony AbbottCommon LawFinancial AdviceFutureAdvisersFinancial PlanningFOFA legislationHigh Court judge Sir Anthony MasonMasonParliament House yesterdaySPAA