Most Big Bank financial planners fail to act in your best interests
Want more proof that the system is rigged.
ASIC just released a report on how most Big Bank financial planners fail to act in your best interests.
They found that:
- Even though only 21% of the financial products on the big 5 list of approved products were internal or ‘in-house’ products, 68% of clients’ funds were invested in in-house products.
- In 75% of the advice files reviewed the advisers did not demonstrate compliance with the duty to act in the best interests of their clients. Further, 10% of the advice reviewed was likely to leave the customer in a significantly worse financial position.
No wonder people don’t trust the banks anymore.
Want to read the full media release and report click here
If you like this, why not share this with a friend, simply click on one of the icons to the left or below
Register for my FREE Seminars and Webinars
FREE seminars and webinars with tips and strategies you can action today to get off the treadmill of working till you drop – plus time for your questions
Do you and your family a favour and start taking steps so you can improve the health of Your Wealth and get off the treadmill of working till you drop.
Wayne Wanders
The Wealth Navigator
wayne@thewealthnavigator.com.au
If you like this, why not share this with a friend, simply click on one of the icons to the left or below
