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
AustralianSuper will introduce a new fee for MySuper members from April 2020 to offset the impact of the Protecting Your Super changes.
The alternatives assets data juggernaut is opening an office in Sydney, as it looks to expand its local client base and build its research coverage.
New Industry Super Australia research claims to show plans to make superannuation optional for low-income workers is nothing more than a tax grab.
A Brisbane boutique is winding up an Aussie equities fund, after an investor decided to redeem their money, representing roughly 60% of the fund's assets, just before Christmas.
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