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Financial planners put on notice
The 7.30 Report - ABC
Quote:
After a series of high-profile company collapses that cost investors millions of dollars, the role of financial planners has become a hot topic.
In some cases, investors were unaware that planners were receiving payments from the very companies they were recommending for investment.
As they gathered in Melbourne for their national conference today thousands of financial advisers received a blunt message from the Rudd Government to lift their game.
Financial advisers are bracing for tough new regulatory changes as well as strong self disciplinary measures imposed by their own association in a bid to repair their battered reputations. Millions of Australians have a stake in the outcome.
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Sim'
This is a general comment only and does not constitute advice. Before making financial decisions you should seek advice from a professional adviser, who can take into account your specific circumstances and investment goals.
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