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Regulatory

Lack of independence must be made clear: ASIC

BY ELIZA BAVIN | TUESDAY, 10 MAR 2020 4:27PM

Financial advisers will need to provide every retail client a written statement explaining "simply and concisely" why they are not independent, impartial and unbiased; if ASIC's draft recommendations for advice fees are adopted.

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Read more: ASIC, Advice fees, Advisers, Royal Commission, Danielle Press, Exposure Draft Bill, MySuper, SIS Act

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