Financial advice

If you’re making significant financial decisions, or are serious about retirement planning, at some stage you’re likely to seek financial advice.

The key is to use an independent financial adviser who is not rewarded with commissions for selling you financial products. Any adviser you use for superannuation advice or retirement planning should charge a fee, rather than accept commissions.

Set out below are all SuperGuide articles explaining Financial advice.

Clients come first: Financial advice reform saga continues

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In recent months I have kept fairly quiet about the financial advice reforms. Until recently, what more was there to say about a set of rules designed to favour the outdated business models of many financial planning businesses? Note that I am not targeting the advice provided by the firms with … [Read more...]

Financial advice: Only 44 independent financial advisers in Australia

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Note: This article is updated regularly when new financial advisers join the independence club (latest update November 2014). A financial adviser does not have to be a member of the IFAAA to join the SuperGuide list, provided they can declare that they satisfy the requirements of being an … [Read more...]

Guest contributor: How to spot an independent financial adviser

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Just because a financial planner’s business card doesn’t display the logo of a bank or insurance company doesn’t mean he or she is independent. Last month Roy Morgan Research surveyed 40,000 people on the perceived independence of their financial planner. It turns out that a disturbing number are … [Read more...]

Still wanted: all independent advisers in Australia

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More than five years ago, SuperGuide embarked on a long and arduous mission. We decided that we wanted to find every independent financial adviser in Australia, and to give these advisers an opportunity to let SuperGuide readers know that they exist.For the past 5 years, we have published a list … [Read more...]

SMSF: How much does a DIY super fund cost? (updated figures)

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Note: Article updated in June 2014, and enhanced with an extra table outlining fees for small and large SMSF account balances.This Q&A includes the latest SMSF cost data released in December 2013 by the ATO, and data released by ASIC in September 2013. The next SMSF cost update is expected to be … [Read more...]

Financial System Inquiry: Interim report expected by July 2014

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In May 2014, the Financial System Inquiry Chair, David Murray, announced that he expects to submit an interim report to federal government by July 2014. Again, there will be another round of industry submissions before the Financial System Inquiry (FSI) delivers its final report to the government by … [Read more...]

Cormann presses “pause” on FoFA changes after public pushback

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The government has temporarily put on hold its highly controversial dilution of consumer protections in the financial advice laws while it consults with stakeholders.The announcement by Finance Minister Mathias Cormann comes after he took carriage of the changes to Labor’s Future of Financial … [Read more...]