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ASIC confirms systemic failures in adviceBY KERRIE SYDEE | THURSDAY, 27 OCT 2016 12:36PM
The Australian Securities and Investment Commission has confirmed systemic failures at 21 Australian Financial Services Licensees in providing ongoing advice services to clients.
Read more: ASIC, Australia, ANZ, Australian Financial Services Licensees, Australian Securities, CBA, Investment Commission, NAB, Westpac, Future of Financial Advice, Peter Kell, Wealth Management Project
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BNP Paribas Asset Management's investments chief for the Asia Pacific has retired after more than three decades of service.
J.P. Morgan has begun moving its Australian customers over to its global accounting system, which will give local clients access to additional services.
The masterfunds sector lost $38.4 billion over the 2019-20 financial year but has almost recovered the losses instigated by the global pandemic, the latest Plan For Life data show.
A boutique manager has launched its Bermuda-based fund to the Australian market, with underlying assets in US life insurance policies.
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