Two key issues on Superannuation from the Hayne Royal Commission were Agency Conflict and Invisibility of Fees (especially for no service).
royal commission
Need to measure household expenditure accurately for lending purposes
In light of the royal commission there has been much scrutiny towards the banks and by mortgage brokers. One of the key findings within the Royal Commission is the lack of verification of customer living expenses from mortgage brokers and the acceptance by the banks.
The Commission’s ‘reality’ is not real
Financial planners in this country are copping a kicking that they just don’t deserve. Having watched the Royal Commission dish it out, and then read the media’s ‘outrage’, I smell a witch hunt and I simply have to point out some things which seem to have been missed in all the “courtroom drama”.
Financial services royal commission: Fee for no service exposed
The early findings from the Financial Services Royal Commission makes for some interesting reading. While some of the news may not shock you, there are some key take ways that clients of financial planners should be critically assessing.