There's currently a danger of people being nudged into retirement products ill-suited to their long-term needs, potentially costing them hundreds of thousands of dollars.
One of my grandmothers was a self-funded retiree and keen investor, writes Greg Hoffman. The other lived in a country town and survived on the age pension.
So you've invested for retirement but how much can you responsibly take out each year? A group of Australian actuaries has done the heavy lifting for you.
The line between telephone marketing and financial advice has been clarified after the Federal Court sided with ASIC's claim that Westpac deliberately used telephone marketing to persuade customers to consolidate their super into a BT account.
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