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Disclosure doesn’t stop poor advice outcomes, ASIC finds

A new report from the corporate regulator has found that disclosure alone is often not enough to drive good financial advice outcomes from clients.

Disclosure doesn’t stop poor advice outcomes, ASIC finds
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  • Shared by the ifa
  • October 17, 2019
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ASIC’s Report 632, Disclosure: Why it shouldn’t be the default, examined multiple cases both locally and internationally where financial product disclosure has been less effective than intended, ineffective or has actually backfired, contributing to consumer harms.

Read more at the ifa

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