Regulators defended in calls for Royal CommissionBY DARREN SNYDER | MONDAY, 11 APR 2016 12:08PM
Prime Minister Malcolm Turnbull has defended industry regulators in the wake of Opposition Leader Bill Shorten's call for a Royal Commission in to the banking and financial services sector.
Read more: Royal Commission, ISA, Opposition Leader Bill Shorten, Prime Minister Malcolm Turnbull, Enough, Industry Super Australia, Association Steven Munchenberg, Sally Loane, ALP, Australian Bankers, Australian Building, Australian Labor Party, Australian Prudential Regulation Authority, Australian Securities, Construction Commission, Financial Services Council, Investments Commission, Mr Shorten, Sydney
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AXA Investment Managers' head of Framlington Equities for Asia left the business at end of May, the manager confirmed.
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Superannuation is working effectively to support members of all ages, genders and income levels, new research from the Association of Superannuation Funds of Australia shows.
According to the new Value of an Adviser report by Russell Investments, financial advisers deliver value of at least 4.4% or more every year to their clients beyond investment-only advice.
A portfolio manager artificially inflated a fund's returns and collected a large bonus on the back of it, the US corporate regulator alleged.
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