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.
How many financial advisers operate in Australia?
Q: I’m desperately looking for information on an approximate breakdown of how many Australian financial advisers are part of a dealer group, and how many are operating by themselves as individual businesses. I’ve asked ASIC, FAA and the FPA and I can’t get an answer.
Financial advice for less than $500? You’re dreaming.
What do you think it costs for a financial adviser to prepare a five-year investment plan? According to a recent survey, nearly half of us (44%) believe that it will cost less than $500…
THE SOAPBOX: The 25-year super war
Consumers don’t matter. They really don’t. In case you thought superannuation was about the fund members and that the 9% Superannuation Guarantee was all about your retirement savings, then think again. In the heat of the battle, sometimes civilians get [...]
THE SOAPBOX: Let’s raise our glasses to Sherry
… that is, Nick Sherry, the Assistant Treasurer, and former Minister for Superannuation and Corporate Law. Senator Sherry has stood his ground against the mighty force of the financial services industry and it appears… hopefully, eventually… if the planets align, [...]
Another super review: Who’s looking out for consumers?
The Superannuation Minister Nick Sherry has announced another review of the superannuation sector. He believes that after nearly 20 years of compulsory super that it’s time to re-examine the system. Senator Sherry has made it clear that this review is [...]
Choosing a super fund without an adviser
Any consumer thinking about switching super funds may want to reconsider whom they rely upon for financial advice, based on survey findings released in 2006 by financial regulator, the Australian Securities and Investments Commission (ASIC). The survey found that nearly [...]
