The ‘scrutiny of financial advice’ inquiry hearings have demonstrated the double standard for treatment of institutional advice executives, says an industry association.
However, a number of the executives did publicly apologise for poor advice provided, including CBA's Ian Narev and ANZ's Joyce Phillips.
42 per cent of Australians do not trust claims made by Australian companies about their ESG performance.
Superannuation is the asset class with the biggest loss to date in 2022.
Managed accounts are key to ensuring the sustainability of an advice practice, experts have said.
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