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Market wrapBY AAP | FRIDAY, 8 MAY 2015 12:55PM
The share market is up by almost one third of a per cent, with the banks leading the recovery after two days of heavy losses.
Read more: Oil, ANZ, Australian Stock Report head, BHP Billiton, Brent North Sea oil prices, Chris Conway, Commonwealth, Economics, Fortescue Metals, Macquarie Group, March 31, NAB, Rio Tinto, S&P 500, Santos, Suncorp, Thursday, Wall Street, Westpac, West Texas, Woodside
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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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