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Alternative mandates eclipse equitiesBY DARREN SNYDER | MONDAY, 4 APR 2016 10:06AM
For the first time since 2009, alternative assets have eclipsed equities for the largest asset class share among institutional investment mandates in Australia.
Read more: Australia, Alternative, Mandate Chaser, Rainmaker Information, AustralianSuper, BNP Paribas Securities Services, Financial Standard, Future Fund, The Economist Intelligence Unit
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AIA Australia's newly launched advice business has named a chief executive to lead its efforts, as the life insurer brings some Commonwealth Financial Planning advisers into the fold.
Yesterday's Standing Committee hearings on financial advice suggested the corporate regulator and industry superannuation funds are the only ones benefiting from increasing costs.
The superannuation startup geared at self-employed workers is looking to raise $1.5 million, as it sets it sights on 60,000 members in five years.
The Australian Financial Complaints Authority (AFCA) has made changes to its procedures to weed out complaints where the consumer didn't really suffer any financial harm.
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