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Financial Planning

ASIC toughens MDA suitability rules

Platform providers and financial advisers offering a managed discretionary account (MDA) service should be mindful of the regulator cracking down on new suitability review requirements, a legal expert warns.

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Read more: MDA,  ASIC,  Advisers,  SOA,  Claire Wivell Plater,  Financial Standard Managed Accounts Best Practice Forum,  Institute of Managed Account Professionals,  mamagedccounts.com.au,  Mason Stevens,  The Fold Legal