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Provide some comments on the ASIC shadow shopping exercise undertaken on retirement advise, whereby the assessment by ASIC was of relatively low levels of 'professional'

Provide some comments on the ASIC shadow shopping exercise undertaken on

retirement advise, whereby the assessment by ASIC was of relatively low levels of

'professional' financial advice, whereas the clients receiving the financial advice

were, in general, highly satisfied with the adequacy of the advice provided. How

can there be such a significant difference in interpretation arising from the same

advice?

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