Peter Martin, Crawford School of Public Policy, Australian National University
Five years ago, Australia had 28,000 financial advisers. Today there are 16,000. So where can you get financial advice? A new report offers a good answer – and it’s something I used to argue against.
On Friday the government will receive a report likely to recommend a requirement for advice in a client’s “best interests” be replaced with a requirement to give mere “good advice”.
As a former financial counsellor and former consumer credit educator for ASIC, here’s what I think you need to know if you’re considering mortgage deferral, rent relief or bankruptcy.
Robert Breunig, Crawford School of Public Policy, Australian National University and Tristram Sainsbury, Crawford School of Public Policy, Australian National University
The unintended loophole allows some people to keep their income and cut the tax rate on some of it to 15%.
Research suggests that the reason people may put off funding their 401(k) plans or managing credit card debt is because our perception of finance as ‘cold’ conflicts with our hot-blooded emotions.
While codes of conduct in banking may help, the tsunami of financial regulation over the past few decades has swept aside much of the sense of personal accountability.
The large banks and AMP will be required to fund the establishment of a new independent body to oversee the professional standing of the much-criticised financial services industry.
Business Briefing: trusting an algorithm with investment decisions
The Conversation13.9 MB(download)
Financial advice was once the realm of bankers and brokers now startups are developing digital platforms to take advantage of how trusting we are of investment advice from computers.
The global scandal surrounding the release of the Panama papers and Malcolm Turnbull's criticism of Australian banks have put the spotlight on the often murky world of banking and finance.
The Turnbull government will ban businesses from charging consumers excessive surcharges on their credit cards, and move to inject more competition into the superannuation industry.
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…