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Consumer Sovereignty needs to be restored
Thursday 9th of September 2010
"My ideal would be to firstly remove pooling and restore individual investor sovereignty or property rights."
He says providers owe a fiduciary duty of care to individual investors, not to the pool group of priority.
He says trustees of pooling constructs which permeate the industry are able to subjugate the fiduciary care of the individual investor to the interests of the pool.
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