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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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A Sydney boutique under Grant Samuel Funds Management's banner has closed its $28 million fund that invested in VIX and S&P 500 options.
ING's Living Super offering is putting the lid on its balanced option after feedback from members that it's too similar to the growth option, and will add two more defensive options.
The Financial Planning Association of Australia has unveiled its five-year plan, which includes redundancies.
JP Morgan Asset Management's trading and analytics platform is set to be powered by the automation capabilities of Calastone, after the two firms formed a partnership.
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