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CBA adds $32m to advice remediation billBY KARREN VERGARA | WEDNESDAY, 12 MAY 2021 12:35PM
The Commonwealth Bank has upped its indemnity bill to $252 million for dodgy financial advisers who were part of its former subsidiary Count Financial.
Read more: Count Financial, CBA, CountPlus, Commonwealth Bank, Piper Alderman
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Franklin Templeton Investments is winding up its retail Australian Equity Fund, as asset growth lags.
Financial advisers' appetite for exchange-traded funds has more than doubled since the global pandemic hit as new trading data shows that index funds are providing better means of diversification.
The Association of Financial Advisers has slammed the Labor Party's attack on financial advisers, which paints the profession as dodgy and continues to rip-off consumers.
The industry superannuation fund has hired from Australian Catholic Superannuation and Retirement Fund as it continues its hiring spree for the internal investment team.
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