Risk commission changes imperil advice practicesBY KARREN VERGARA | WEDNESDAY, 5 JUN 2019 11:40AM
As financial advisers adjust their business models to the Life Insurance Framework, many fear the Royal Commission's recommendations will further undermine the viability of their practices.
Read more: ClearView, Life Insurance Framework, Royal Commission, ASIC, Kenneth Hayne
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The managing director of an AMP-aligned dealer group is exiting the business to take on a new role.
BT Financial Group has shut down a $670 million global property fund and a $293 million Asian shares fund, as it sees them unsuitable for retail investors.
Perpetual has confirmed the appointment of a head of risk, promoting from within to fill the newly created role.
A $5.6 billion industry superannuation fund is revamping its MySuper option, which will see default members' exposure to growth assets and fees rise.
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