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Lack of savings products contributed to finance sector collapse
Tuesday 10th of August 2010
Investment adviser Peter Hensley says the narrow range of savings products helped contribute to the "influx of funds into the non-bank sector" that ultimately led to the collapse of more than 50 finance companies.
"The investment advice industry needs to prepare itself for the pending retirement of the baby boomers," Hensley said in a discussion paper he wrote on retirement income stream...
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