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Market Wrap AMBY AAP | FRIDAY, 1 AUG 2014 9:05AM
The Australian market looks set to open sharply lower following strong falls on US and European markets.
Read more: US, Dow Jones Industrial Average, Frankfurt, July, London, DAX index, Friday, HONG KONG, Nasdaq Composite Index, Paris, S&P 500, Ukraine, Economics, AEST, All Ordinaries index, Australia, Australian Bureau, Australian Industry Group, BES, FTSE 100 index, FTSE 100 index fall 0.64, June, June quarter producer price index data, Kraft Foods, Lisbon stocks, Market Wrap AM, NEW YORK - US stocks, Nikkei, Portuguese bank Banco Espirito Santo, Reserve Bank, Resmed, Royal Dutch Shell, RP Data, S&P/ASX200 index, Seoul, September share price index futures contract, Shanghai, Statistics, Sydney, Thursday, Tokyo, US data, Wednesday, WELLINGTON, Whole Foods Market, Woodside Petroleum
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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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