So you need advice as to how best plan your superannuation and retirement income ?
Go see a financial planner and get good advice ! Right ?
Wrong !
At present the financial planner you see may be legally entitled to accept commissions to steer your money into a dodgy investment scheme - because that will put more money into the investment planner's pocket.
The financial planner is not even obliged to " act in the best interests of the client ".
That doesn't happen until 2012 !
This says a lot about the financial planning industry, the prudential regulating authority that oversees planners - and the government which has allowed this farce to rob investors and ruin people's lives.
And the fact that the bad practice will be allowed to continue until 2012 so that the industry can have time to " cook the books " - and develop new strategies to bypass this law.
Time to use an election to create a level playing field !
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