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Brief: Westpac argues selling super is not advising

On the second day of hearing before the federal court on Tuesday, Westpac's legal team argued the bank was under no obligation to act in the best interests of clients under the Future of Financial Advice laws because it was selling its super products rather than providing personal advice, the AFR reports. "Nowhere does the statute say you cannot market your product," said Westpac's barrister, Richard McHugh, SC, referring to the legislation introduced under the Future of Financial Advice reform. The case continues today.

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