Tag Archive for bias

Financial Planning Ethics – part 1

financial planning ethics image from binarymoon co uk
Share

Financial planning ethics are of paramount importance to sound financial planning. Yet this self-explanatory and seemingly obvious statement cloaks the areas of ‘grey’ within which financial planning ethics may not be at all obvious or not at all relevant. Financial planning ethics is all about communication. What works and what doesn’t; how things work and…

Share

Financial planners and life insurance

financial planners and life insurance Peter Kell ASIC Deputy Chairman
Share

Financial planners and life insurance have been in the headlines recently. It’s a strange development, for a variety of reasons that i will cover later in this post. For the moment however, let’s just say that the current debate is highly superficial, and there’s a need for greater clarity – so read on! Financial planners…

Share

Is this really the biggest scam in the history of mankind?

biggest scam in mankinds history
Share

“Scam” is an evoactive word. It conjures up images of this or that injustice, criminal or immoral act. Looking at scams can help us clarify the ethics of what is right and what is wrong, especially when we are talking about money. So here’s a look at a video that i was sent recently, in which the…

Share

Self Managed Super non-compliance penalties

do it yourself super
Share

Self Managed Superannuation Funds (“SMSF’s”) have long lived under a very harsh penalty regime. If a trustee failed to meet their obligations then the Australian Tax Office (ATO) was able or even required to declare the fund “non-complying”. That was a nuclear bomb option as it resulted in the fund assets being taxed at the…

Share

Financial Planning Bias

Do you know who is really driving the recommendations from your advisor? (image source unknown : possibly http://explow.com/shhh)
Share

Who is behind the name that is behind the advisor that gives you advice? Financial Planning Bias – All is not as it seems We have covered the bias that is inherent in the Australian financial industry a few times now. The key reason for this bias is the government regulatory requirement that all Financial…

Share

Financial advisors are cheating you

financial planner bias. it's true, financial planners eat money for breakfast
Share

At least, that is the impression you can get when tuning in to some sections of the media. As covered in previous posts, the post-GFC world is a tumultuous one, with many long cherished “laws” of investment being turned on their head, and many investors feeling helpless in the face of small, zero or negative…

Share