Financial planning crisis.
This is only going to be a brief post to reiterate what I have already said in my other posts Commonwealth bank scandal – financial planning’s first scalp and It’s your money – isn’t it? Commonwealth Bank scandal.
It now seems that the Macquarie bank is also being investigated over dodgy financial advice given by it’s Wealth Creation division. I’m not going to add to what I’ve already said but it’s once again thousands of peoples life savings that we are talking about. Finally it seems the Government is making plans for greater educational requirements for financial advisors when really they need to stop the “kickbacks” system that occurs between financial advisors and financial institutions.
Please read my two previous posts on this ridiculous situation and you may realise what I have said in the past is even more relevant now.
“No one will love yourself or your money more than you do.”
Educate yourself, learn to look after your own money and you will have a richer life.
Remember it’s Your Savings !!