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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
Charities have called on the government to plan for a gradual transition of its stimulatory payments so as to avoid the loss of more than 200,000 jobs in the sector.
A fund manager will remediate clients in eight funds after a recent review of its management costs identified a unit pricing error.
Equity Trustees has handed over the management of Newgate Real Estate and Infrastructure Fund to a new manager, as Newgate Capital announces its intention to retire from the fund.
Zurich Australia and OnePath Life announced donations to 20 charities with COVID-19 response funding.
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