Over the last decade, many Australians have sought financial advice. Over the same period, the financial advice industry has grown significantly. As at 1 April 2018, there were 25,386 financial advisers in Australia, an increase of around 41% compared with the number of financial advisers in August 2009.[1] The Productivity Commission has noted that in 2015/2016 the financial advice sector was estimated to be worth $4.6 billion in revenue.[2]

Three different issues have emerged in connection with the provision of financial advice. The first is ‘fees for no service’: ongoing advice fees charged when no advice was given to the client. The second is that clients have often been given poor advice that has left them worse off than they would have been if proper advice had been given. The third is the fragmented and ineffective disciplinary system for financial advisers.

[1] Background Paper No 6 (Part A), 7.

[2] Background Paper No 6 (Part A), 8.

61 thoughts on “Introduction”

  1. Pingback: soolantra capsule
  2. Pingback: stromectol prices
  3. Pingback: ivermectin covid
  4. Pingback: tadalafil lilly
  5. Pingback: sildenafil tablets
  6. Pingback: cialis pricing
  7. Pingback: cheap tadalafil
  8. Pingback: online cialis us
  9. Pingback: antiviral covid
  10. Pingback: cialis drug
  11. Pingback: ivermectin 200 mcg
  12. Pingback: live casino online
  13. Pingback: ivermectin india
  14. Pingback: tadalafil otc
  15. Pingback: ivermectin 5ml
  16. Pingback: stromectol 15 mg
  17. Pingback: stromectol price
  18. Pingback: furosemide in usa
  19. Pingback: what is ivermectin
  20. Pingback: ivermectin otc