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Bias in system, Aussie adviser says
Wednesday 9th of April 2014
Rhys Wood, of AMP-licensed Elite Wealth Solutions, made a submission to the Murray Inquiry, a Government inquiry into the financial system headed up by former Commonwealth Bank boss David Murray.
He said the bias towards in-house products reduced competition and meant investors might be paying too much for products, the Sydney Morning Herald reported.
“The most pressing i...
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