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QSuper quits financial advice sparking job losses – The Australian Financial Review

QSuper, the $110 billion industry fund, is the latest financial institution to exit the business of comprehensive financial advice, resulting in at least 20 redundancies.

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QInvest previously charged up to $7000 to clients for initial advice fees, with an ongoing fee of up to $2900 per annum, according to its financial services guide. The fees can be partially or entire…

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