Many former NFL players face the future with despair: the years after retirement can include an array of physical and financial woes.
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The cascade of woes that have befallen former NFL players has stunned fans and casual observers. Former NFL stars Junior Seau and Dave Duerson committed suicide. All-pro Warren Sapp went bankrupt after…
Some financial advisers are greedy, but others simply have a bias problem.
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There’s no doubt incentives matter for financial advisers. If an employer pays a higher commission to an adviser for selling one product instead of another, it’s likely the commission-linked product will…
Superannuation shouldn’t be one size fits all.
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After a lot of un-edifying debate about particular proposals about financial advice we can now stand back and look at the sector with more calm. The fundamental problem is that it is very hard to give…
Hollow answers: waiting for legislative reform to improve financial advice is likely to prove futile.
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It is not difficult to establish the case for the importance of financial advice. With an ageing population, increasing longevity, higher expectations of post retirement living standards, the complexity…
Finance Minister Mathias Cormann has taken a fresh look at FOFA reform, and decided to proceed with some amendments.
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The Federal Government has confirmed it will push ahead with controversial moves to water down the Future of Financial Advice (FoFA) law reforms, on the grounds the current legislation reduces the affordability…
The government is considering whether to roll back a requirement for bi-annual financial planning reviews.
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Following last week’s public hearing, the Senate Economics Legislation Committee is preparing to report on its inquiry into a government bill that would significantly water down the Future of Financial…
Consumers generally trust their financial adviser, even when the level of advice is poor.
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Finance Minister Mathias Cormann’s decision to back away from plans to repeal sections of the Future of Financial Advice (FOFA) reforms is not surprising. Recent comments suggest this may indeed be a complete…
The path to good financial advice is littered with fees.
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One of the main arguments made by Australia’s banks for the watering down of Future of Financial Advice (FoFA) reforms is that it would reduce the cost of financial advice to consumers. Specifically, the…
The Australian Securities and Investments Commission has called for more powers, including a broadening of the definition of “whistleblower”, in a paper defending its role as the corporate watchdog. ASIC’s…