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Whistleblower calls out approved product liesBY ELIZA BAVIN | WEDNESDAY, 23 OCT 2019 11:56AM
A new paper on the consumer impact of Approved Product Lists (APLs) claims institutionally-aligned Australian Financial Services Licensees (AFSLs) are funneling new clients into in-house products, potentially in breach of Best Interest Duty obligations.
Read more: ClearView, MLC Advice, Australian Financial Services Licensees, Commonwealth Bank, Australian Prudential Regulation Authority, Darren Whereat, David Wappett, Financial Services Council, Financial Services Royal Commission, IOOF, Jeff Morris, Mack Ballantyne, Simon Swanson
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Towards a perfect currency solution
There is a good chance the planned superannuation guarantee increase to 12% will be deferred again as the nation continues to struggle with the effects of COVID-19, according to Mercer senior partner David Knox.
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Chi-X TraCRs and funds will now be offered on a privately owned wealth management platform, granting financial advisers and their clients access to some of the world's biggest listed companies.
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