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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Featured Profile
Blake Briggs
CHIEF EXECUTIVE OFFICER
FINANCIAL SERVICES COUNCIL
FINANCIAL SERVICES COUNCIL
Since becoming chief executive, Blake Briggs has renewed the Financial Services Council's influence, expanded the membership base, and strengthened its policy and advocacy credentials. Karren Vergara 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.