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Silent approach serves advisers poorly

2-July-09 by Mark Pownall

ONE of the big stories of last week was the issue of phasing out commissions paid to financial advisers.

Financial advisers have got themselves in a real bind in recent years, copping the flak for all manner of collapses. The general perception among consumers is that financial advisers have chased products offering them the highest commission, rather than what was best for their clients.

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