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Financial adviser levy to dropBY JAMIE WILLIAMSON | MONDAY, 30 AUG 2021 8:44AM
The federal government has announced the ASIC levy paid by financial advisers will revert back to 2018/19 levels for the next two years, saving the sector at least $46 million.
Read more: ASIC, FPA, Compensation Scheme of Last Resort, Jane Hume, Josh Frydenberg, Treasury, Dante De Gori, Michael Nowak, AFA
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Find out why 44% of advisers are using managed accounts
Intensifying its commitment to the Asia Pacific region, State Street has appointed a long serving J.P. Morgan executive as its first country head for Australia.
Former Spectrum Wealth Advisers chief executive Mark Schroeder has been slapped with banning orders in addition to his six-year ban from providing financial services.
New analysis from Rainmaker Information shows about 60% of all MySuper products reduced their fees last financial year, with the average fees paid by members now sitting at 1%.
Octopus Investments, an energy asset manager, has made several appointments after recently surpassing $1 billion in assets under management.
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