If plumbers need new pipes, and if the cobbler’s kids need new shoes, does it follow that a lawyer needs new laws? Maybe. Michelle Levy’s three-page plea to the government to adopt her Quality of Advice Review recommendations in this week’s AFR is a...
“Life moves on, and so should we.” Have you read Who Moved My Cheese by Spencer Johnson? It’s one of those annoyingly good books that easy to read, makes lots of good sense, yet hard to implement. It reminded me of the state of financial advice in Australia....
“When you’re up to your armpits in alligators, it’s difficult to remember that the original objective was to drain the swamp.” The Hayne report was an anti-climax. When our Treasurer announced the report with “From today, the banking sector must...
For many inevitable reasons, traditional financial advice models are changing. To date, there have been two main aspects underpinning the delivery of personal financial advice. These two aspects have been the amount of money an individual has, and the financial...
What’s with financial advisers fighting for their ‘grandfathering’? Should you care? Quite possibly. Because it could be your money the advisers are fighting to hang onto. Firstly, what does grandfathering mean? Wikipedia suggests that...
