Vertical integration makes clients the 'ultimate loser'
The findings of ASIC’s review into vertical integration demonstrate the need for “clear delineation” between manufacturers of financial products and those that recommend them, according to robo-advice firm Stockspot.
A report released by ASIC last Wednesday found 68 per cent of client funds across the licensees owned by AMP, ANZ, Commonwealth Bank, NAB, and Westpac were invested in in-house products.
Read the full story at ifa
Melbourne, Sydney homes face 1-in-5 chance of price correction: JP Morgan
Income tax cuts should take a backseat to budget repair, says Deloitte
