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Lack of independence must be made clear: ASICBY 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.
Read more: ASIC, Advice fees, Advisers, Royal Commission, Danielle Press, Exposure Draft Bill, MySuper, SIS Act
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Depression, Recovery, and the Risk of Time
The $80 billion fund manager has hired BMO Global Asset Management's Asia Pacific managing director as an executive director as the incumbent retires.
Wilson Asset Management has responded to allegations by Keybridge Capital, noting the investment manager has already failed twice in previous attempts to obtain orders of this kind.
The former head of ESG investment research at AMP Capital has taken up a new role.
Fortnum, Centrepoint, Easton Wealth, CountPlus, Fitzpatricks and Paragem have all criticised the Financial Planning Association of Australia's latest policy proposal.
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