Tag: Financial Advisers

Financial advisers beware; the federal government is about to embark on an overhaul of the financial advice sector, placing a new emphasis on consumer protection.

The Australian Securities and Investment Commission (ASIC) will launch a shadow-shopping program in the 2009/10 financial year to review the methods of financial advisers. A shadow shop is an anonymous visit to an adviser to experience what an ordinary consumer would experience when seeking advice. David Whiteley, executive manager of Industry Super Network, says the […]