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Legacy products to get push, shove.
Australasian Business Intelligence, July, 2007
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Byline: Madeleine Collins
Jul 03, 2007 (Independent Financial Adviser - ABIX via COMTEX) -- The Australian Government wants to rationalise the number of legacy products available. Around a third of the 6,000 financial products on offer in Australia are legacy products, and their total value is put at over $A221 billion. However, many are closed to new investors, while many of those holding legacy products are aged over 50 and are reluctant to move out of them because of the complexity and high exit fees involved. Under the Government's plan, released in the week ending 29 June ...
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