Why would you dump a requirement for financial advisers to give advice that's in their client's best interests?
- Written by Ama Samarasinghe, Lecturer, RMIT University
ShutterstockThe findings about advisers in the landmark 2019 financial services royal commission couldn’t have been more stark.
Time after time financial advisers were found to have:
lacked skill and judgement
proposed actions that benefited the adviser
been unwilling to find out whether poor advice had been given
been unwilling to take timely...
