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Consumers left vulnerable to raids on super if grandfathered exemptions go ahead image
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Consumers left vulnerable to raids on super if grandfathered exemptions go ahead

Published: 30 Apr 2019

Consumers will once again be left vulnerable to raids on their super accounts by financial advisers if a government proposal to allow grandfathered conflicted remuneration to continue goes ahead.

Industry Super Australia has strongly opposed the move in its submission to the Exposure Draft Treasury Laws Amendment (Ending Grandfathered Conflicted Remuneration) Regulations 2019.

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