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financial advice is in the spotlight next month

Thursday 15 March 2018
Financial Standard

The Financial standard reports that financial advice will be under the spotlight in the Royal commission in April.

It was reported that the Royal Commission has received 1, 894 public submissions:

  • 67% in banking
  • 11% for superannuation
  • 6% general insurance

The Financial Ombudsman Service (FOS) suggested that the a third of those submissions related to misconduct are related to financial advice.