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Featured Profile
Hugh Killen
MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER
AUSTRALIAN AGRICULTURAL COMPANY LIMITED
AUSTRALIAN AGRICULTURAL COMPANY LIMITED
For Hugh Killen, several life lessons came from spending time on pastoral properties stretching across northern New South Wales and South-West Queensland.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
So did Sam find the mistake of the Deferred benefit or did the client tell him the issue ?
That's the clincher as he would have proceeded with the advice without the mistake being found. So who found it ? Or the client would have lost $500k.
As for moving the retirement risk from the Govt guarantee with next to zero fees to a SMSF with full client risk and lots more fees. Mmmmmmm not something I'd back for advice unless some specific circumstances why the Govt guaranteed income wasn't the best option. Ballsy move I'd think.