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Crunch time for limited MDA advisersBY KARREN VERGARA | WEDNESDAY, 14 MAR 2018 1:01PM
Financials advisers have less than seven months to transition clients and beat the limited managed discretionary account (MDA) deadline.
Read more: Advisers, Limited MDA, ASIC, Managed accounts, Anne-Marie Tassoni, Cameron Harrison Private, Claire Wivell Plater, Fold Legal, Managed Accounts Forum, Managed Accounts Holdings, MGP, Tony Nejasmic
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Market Volatility Centre - Tools to Help Stay the Course
Pendal Group has made year-long fee cuts on two funds, as it sees the Reserve Bank of Australia holding the cash rate at the record-low of 0.25%.
Standard & Poor's has downgraded AMP Limited's credit rating from BBB+ to BBB, with all AMP Group entities on CreditWatch with negative implications.
ME Bank chief executive Jamie McPhee has resigned after weathering scrutiny over the bank's adjusting of redraw facilities for mortgage customers and its relationship with the industry funds that own it.
At a time when many Australians are engaging directly with their superannuation fund for the first time, member satisfaction appears mixed, with two separate surveys producing some opposing views.
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