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Broken advice industry shuns everyday Aussies: AFABY KARREN VERGARA, ANNABELLE DICKSON | THURSDAY, 29 JUL 2021 12:38PM
The alarming rate that financial advice is increasingly becoming unaffordable for everyday Australians further cements the position of the rich and powerful, an inquiry heard this morning.
Read more: ASIC, AFA, Royal Commission, Dante De Gori, Financial Planning Association of Australia, Michael Nowak, Sam Perera, Tax Practitioners Board, Tim Wilson
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Aware Super, AustralianSuper and Hostplus are set to appear before the Standing Committee on Economics' inquiry into common ownership on Monday.
ASIC is urging financial advisers to be well prepared for the new Design and Distribution Obligations regime, warning that there should be no surprises when it kicks into gear on October 5.
A long-serving Mercer superannuation executive has left the firm to focus on board directorships.
The online trading platform is set to pay $25 million for the big four bank's share investing client base as the latter continues to simplify its banking strategy.
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