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Whistleblower calls out approved product lies

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.

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Read more: ClearViewMLC AdviceAustralian Financial Services LicenseesCommonwealth BankAustralian Prudential Regulation AuthorityDarren WhereatDavid WappettFinancial Services CouncilFinancial Services Royal CommissionIOOFJeff MorrisMack BallantyneSimon Swanson