Today's action could be a holder being nervous about the Quality Of Advice Review, governing financial advice, to be handed to the Federal Government in December. In essence it is watering down consumer protection regulations and allowing institutions to offer 'cheap financial advice' (eg Super Funds, Insurance Companies). Quite remarkable only a few short years since the Hayne Royal Commission - to see proposals that seek to remove regulations aimed to protect consumers. Apparantly, according to the AFR, about $3.6 billion in financial advice misconduct related compensation has been paid out to consumers in recent years. Surely as consumers we should take note of this. Well, I'm backing FID management to adapt to whatever changes are imminent, it remains as important as ever to deal with qualified and trustworthy financial advisers. Happily topped up today.
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)