Oh dear! Only 3% of financial plans are ‘good’
In what must be one of the more embarrassing (and unacceptable) situations for the financial planning industry, a study was released in late March 2012 that found only 3% of financial plans were considered ‘good’.
THE SOAPBOX: Only 9 truly independent financial advisers in Australia
In April 2011, we published a list of 7 independent advisers which triggered much controversy and angst from the financial services industry, and from SuperGuide readers. SuperGuide is at it again, publishing the latest list that the advising industry doesn’t want you to see.
Should we transfer our super to a bank account to avoid fees?
Q: My husband and I are retired. We receive the bare pension and health card and we have our super in a Family Super fund account in a bank. We are both over 65 and have a financial adviser who [...]
THE SOAPBOX: Not the time to quibble (financial advice)
I want to give you the heads up on what significant players in the financial advisory industry are now trying to do, to further compromise the quality of financial advice.
Financial advice: Government bans new adviser commissions from 2012
We’re going to look back at this time with disbelief: for so many years the financial services industry was permitted to flog products that weren’t necessarily in the best interests of clients/investors and pretend that this product selling was ‘financial advice’.
THE SOAPBOX: Debunking the DIY super myth
The practice of calling self-managed super funds, ‘DIY super funds’ upsets the regulator, and also concerns many of the service providers making a living from helping individuals set up, and run, self-managed super funds (SMSFs). The key message emanating from [...]
