Money Spinners: How Australians were fed lies, sold spin and charged money for nothing by banks and financial advisers by Annelise Nielsen
Requirements: .ePUB reader, 502 Kb
Overview: Is financial advice riddled with scandals because there are just a few bad apples or is there an inherent conflict in the profession?
Financial advice in Australia started with insurance brokers going door to door dispensing advice, and that slowly edged its way into financial advice then, compulsory superannuation set the industry off and racing. There have been scandals, collapses, merges, soft approaches to regulations and a history of skewed priorities. The drive for competition saw a lack of self-regulation that lead, ultimately to the Banking Royal Commission and an opportunity to expose the worst operators and the bad advice being dispensed. Incompetence, conflicts of interest and greed are all exposed.
Genre: Non-Fiction > General
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