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FoFA amendments will reduce quality of advice: lawyer

The government's proposal to amend the best interest duty section of the Future of Financial Advice (FoFA) reforms are "inconsistent with the nature of a best interests duty" and will "reduce the overall quality of financial advice", according to legal advice obtained by Industry Super Australia (ISA).

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Read more: Financial AdviceISAIndustry Super AustraliaFutureMark HalseyArnold Bloch LeiblerArnold Block LeiblerFinancial PlanningHalsey Legal Services