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Australian asset owners support first stewardship codeBY DARREN SNYDER | THURSDAY, 17 MAY 2018 12:30PM
Two prominent industry superannuation funds, managing more than $174 billion, are the primary signatories to Australia's first asset owner stewardship code.Read more: Australia, ACSI, Superannuation, AustralianSuper, HESTA, Investment, Debby Blakey, Ian Silk, Louise Davidson, Roger Urwin, Willis Towers Watson
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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