Are Australians money dumb about savings?BY DARREN SNYDER | THURSDAY, 24 SEP 2015 12:20PMThe continuing message for Australians to seek financial advice on their savings, be it retirement or otherwise, could not be more clear. Related News |
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Robert De Dominicis
CHIEF EXECUTIVE OFFICER
GBST HOLDINGS LIMITED
GBST HOLDINGS LIMITED
It was during a family sojourn to the seaside town of Pescara, Italy, Rob DeDominicis first laid eyes on what would become the harbinger of his future. Andrew McKean writes.
Australian financial stupidity is encouraged by the never ending focus on fees and planner remuneration. ASIC is a guilty party in this as a review of their website is more focussed on fees rather than the signicantly improved outcomes that can be achieved from good advice. The idea promoted in Australia is that this is a Do It Yourself field. No wonder so many people crash and end up heavily dependent on welfare.