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 exclusive: Only 7 truly independent financial advisers in Australia
And SuperGuide has the list, again! In February 2010, we published a list of 14 truly independent advisers in Australia which triggered much controversy and angst from the financial services industry, and from SuperGuide readers. Well, SuperGuide is at it again, and the number has halved – to 7!
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 [...]
