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Government passes advice, super reformsBY ANNABELLE DICKSON | FRIDAY, 26 FEB 2021 11:31AM
Financial advisers will now need prior written consent each year from clients before deducting fees, while funds from Eligible Rollover Funds must now be reunited with members within 28 days.Read more: ATO, Eligible Rollover Funds, Royal Commission, Association of Superannuation Funds of Australia, Glen McCrea, Jane Hume, Josh Frydenberg, MySuper, Patrick Veyret
AIA Australia's newly launched advice business has named a chief executive to lead its efforts, as the life insurer brings some Commonwealth Financial Planning advisers into the fold.
Yesterday's Standing Committee hearings on financial advice suggested the corporate regulator and industry superannuation funds are the only ones benefiting from increasing costs.
The superannuation startup geared at self-employed workers is looking to raise $1.5 million, as it sets it sights on 60,000 members in five years.
The Australian Financial Complaints Authority (AFCA) has made changes to its procedures to weed out complaints where the consumer didn't really suffer any financial harm.
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