Mick and Beth Spence lived a frugal life as self-funded retirees. But their savings were also funding the extravagant lifestyle of their financial planner.
Not only were customers misled, overcharged and paid millions of dollars for services they never received but AMP made at least 20 false statements to ASIC.
Self-directed investors who want to improve their knowledge and skills have many good sources of information to draw on, much of it free. Here are 10 places where you can go for help.
For the 80% of retirees who fund retirement with a super and the age pension, it is important to assess the impact of downsizing on their pension eligibility, as the extra money will be counted in the assets and income test.
The Australian economy has seen enough growth to avoid recession but not enough to make serious inroads into the rate of unemployment or lift wage growth.
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