Money magazine Comments - Ask Paul: I need financial advice but the royal commission scared me Sarah is a single mum in need of advice on super, investing and insurance but, as she tells Paul Clitheroe, the banking royal commission has made her terrified to commit. https://www.moneymag.com.au/feed/latest?story=141525375 Wed, 29 Aug 2018 20:35:03 +1000 Wed, 29 Aug 2018 20:35:03 +1000 en-AU Copyright 2026 Money magazine 5 Money magazine Comments - Ask Paul: I need financial advice but the royal commission scared me https://media.moneymag.com.au/prod/media/library/Money_Mag/Logo/Logo_401x133.png Comment by Jade Steve ()

Thanks Paul, for the info really a nice read

Reply to article

For original story, Click Here.

]]> Jade Steve () Wed, 29 Aug 2018 20:35:03 +1000 Comment by Emily Saint-Smith ()

I'm pretty sure what Paul just wrote here is personal advice. For which you need to be licensed and for which you need to show that you've followed all the regulatory process like issuing a statement of advice, FSG, etc. No wonder financial advisers are doing it tough - not only have the banks eroded trust in the industry but it looks like anyone can give advice and not have to follow the compliance steps that cost small advice businesses a fortune every year.

Reply to article

For original story, Click Here.

]]> Emily Saint-Smith () Thu, 30 Aug 2018 08:56:40 +1000 Comment by pATRICK ()

I WOULD LIKE TO KNOW IF PAUL FURNISHED THIS LADY WITH AN SOA? AS HE WAS DEFINATELY GIVING ADVICE, NOT JUST A VIEWPOINT, BUT ACTUALLY NAMING SUPER FUNDS AND FUND MANAGERS SHE SHOULD CONSIDER, HOW DOES HE GET AWAY WITH THAT?

I THOUGHT THE RC IS ALL ABOUT YOU CANNOT DO THAT PAUL, WOULD HATE TO THINK WE HAVE ON TOP OF EVERYTHING ELSE, NOW RULES FOR US THE PLEBS, AND A BLIND EYE TO THE SO CALLED HIGH FLYERS IN OUR SECTOR!!!!

Reply to article

For original story, Click Here.

]]> pATRICK () Thu, 30 Aug 2018 14:34:06 +1000