The question of how impartial a financial planner can be if they are paid commission by the product provider has long been a bone of contention. That’s why Money for one has championed fee-for-service planners. It appears the Financial Planning Association (FPA) has come to that way of thinking as well, announcing it is recommending that by 2012 fee-based remuneration will be the standard.
With all Australians now accumulating savings through their compulsory superannuation, it begs the question of just who needs the help of a financial planner
Most financial planners act in your best interest. But if you have call for complaint, then as long as your planner holds an Australian Financial Services licence, you will have recourse.
So you've made the decision to use a financial planner. Just how much is it going to cost you?
The promised comprehensive review of the Australian tax system within the next two years should lead to greater simplification for both individuals and small businesses.
With interest rates biting, the household budget may not be going as far as it was. Could a second job be the answer?
Don't worry, despite the talk in some quarters, the Federal Government is unlikely to take the proposed tax cuts away from you before they come into being on July 1.
Planning to pop the question this leap year? Choose your diamond carefully. In some cases, a diamond can be a better long-term investment than marriage itself, while in others, it's all about the bling.
It's hard to imagine Peter FitzSimons fitting any more into his hectic lifestyle, but he plays to his strengths and sorts his priorities to achieve the right balance.
The world of money and finance is not the boys club it once was and savvy women are leading the charge.