The Australian Securities and Investments Commission (Asic) has released a report of its review on financial advice in Australia, which has identified a number of potential deficiencies with regard to monitoring and dealing with non-compliant investment and financial advice in the country. The review covered the services arms of the top five institutions in Australia's financial advisory, including AMP, ANZ, CBA, NAB and Westpac, and is aimed at lifting standards and processes. Among the key r

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