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Australia bottoms out on fund disclosureBY ANNABELLE DICKSON | TUESDAY, 15 DEC 2020 12:23PM
Australia has been given the lowest grade by a research house for being the only mutual fund market in the world that does not have regulated portfolio holdings disclosure.Read more: Morningstar, Aberdeen Standard, ASIC, Cbus, Fidelity International, Franklin Templeton, Grant Kennaway, J.P. Morgan, MFS, Morningstar Investment Management, Nikko AM, Pengana, PIMCO, RARE Infrastructure, Vanguard
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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