Priced out: Advice affordability at riskBY ELIZABETH MCARTHUR | MONDAY, 9 SEP 2019 10:22AM
The issue of affordability is plaguing the financial advice industry, further compounded by recent action taken by both AMP and MLC Wealth.Read more: ASIC, Royal Commission, AFA, Association of Financial Advisers, Chris Carlin, EQ Wealth, Future of Financial Advice, Godfrey Pembroke, MetLife, Paul Tynan, Phil Anderson, Simone Du Chesne
An activist short seller that accused an ASX-listed agricultural fund of running "scams" was dealt a blow in a Supreme Court judgment handed down yesterday.
The $55 billion industry fund is hiking the cost of its standard insurance cover for most of its members, with those aged 55 to 64 years to be the worst hit.
A former Macquarie Group financial adviser has been permanently banned from the industry, following an ASIC investigation into the adviser's "dishonest" and "misleading" behaviour.
It's the end of the road for a BT multi-asset fund managed by Pendal after 52 years, as investor demand ebbs out.
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