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Superannuation

ASIC defends AMP FP action

BY KATE HAGE | THURSDAY, 3 AUG 2006 11:13AM

Australian Securities and Investments Commission (ASIC) chairman, Jeffrey Lucy, defended the regulator's decision to avoid a court action in preference of handing out an enforceable undertaking to AMP Financial Planning yesterday, flagging an increased use of such procedures in the future.

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Cbus rolls out death benefit nomination changes

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Cbus will roll out changes to death benefit nominations, which include scrapping nominations that expire in three years.

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