10/11/2008
A spokesperson for one super fund expressed concern that funds should not be advising members about switching options without taking their whole financial situation into account. Vamos and Reynolds, however, said that they hoped this latest ASIC measure would lead to longer-term reform enabling funds to give simple advice. The Financial Services Working Group currently has submissions on this issue before Treasury.
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The institutions managing long-term savings might not be built to respond at the speed the world now moves. The gap between knowing and acting – which, ultimately, is where all risk lives – is one they can’t afford to keep open.
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We acknowledge the Traditional Custodians of this land upon which Conexus Financial sits, the Cadigal of the Eora Nation. We recognise their continuing connection and unique cultural and spiritual relationships to the land, waters and community. We pay our deepest respects to them and their culture, and to Elders both past and present.
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