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One bank ends vertical integration

Friday 7th of December 2018
Executive director Graham Duston said FANZ made a decision earlier this year that it would move to a model of having a product business separate from its advice business.
It was sparked in part by the acquisition of Staples Rodway Asset Management (SRAM) and its Lifestages KiwiSaver scheme.
“The board looked at the adviser legislation coming down the pipeline,” he sa...
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