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03 July, 2020 |
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Latest News |
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Advisers question FASEA’s two-thirds discount | A claim by Financial Adviser Standards and Ethics Authority chief executive, Stephen Glenfield, that the authority is offering advisers a ‘two-thirds discount for experience’ is being questioned by financial advisers trying to obtain their Bachelor degree qualification status. For more. |
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Endorphin launches MDA service | Endorphin Wealth Management has a launched a new managed discretionary account service in collaboration with Oreana Portfolio Advisory Services, Lifespan Financial Planning, and BT Financial Group. For more. |
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Social distancing hits AREIT returns | The Australian real estate investment trust index lost 16.4% in the 12 months to 31 May, 2020, as people working from home due to the COVID-19 pandemic had a “profound impact”. For more. |
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APRA imposes best interests licence condition on CFSIL | The regulator has imposed a new licence condition that will require the firm to record how it considers members’ best interests and members’ priority covenants when making decisions that materially affect their interests, following an investigation by the Hayne Royal Commission. For more. |
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Outsiders |
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Perky heads for the Darling Park revolving door | There have been lots of personnel changes at the Commonwealth Bank since its former child actor chief executive, Ian Narev, was succeeded by the current chief executive, Matt Comyn not to mention the fact that CBA has now largely exited wealth management. For more. |
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