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1.Market Observations, 2.financial advice, 8.Was Sticky

1 Oct 2018 (AFR) – More advisers set to exit after Hayne findings of ‘dishonesty’, ‘greed’

(1 October 2018, AFR, p9, by Joanna Mather)

‘Kenneth Hayne’s findings of “dishonesty and greed” within financial planning will exacerbate a mass exodus already under way and send the value of advice businesses plummeting further, an expert says.  Friday’s interim report details “bad advice” that occurred under the auspices of Westpac, ANZ, AMP and NAB.  But its scope is even wider, providing negative findings about two other financial planning businesses…’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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