Now it makes a bit more sense… Why had the industry funds been making such a push for banning commissions, to the point where you could argue that their members’ funds were being used to pay for a campaign that didn’t actually improve the position of the members (because their members were already in funds…
Tag Archive for Financial Planning Perth
Hidden costs in superannuation and investments
Just a quick note today… With the broohah surrounding the government announcements on legislating to remove commissions from superannuation and investment accounts there are all sorts of comments being made on the likely impacts – some more informed than others. Feedback in a number of online forums suggests that many people are happy with the…
Everyone wants to be your financial friend
From a financial advisors’ point of view, a lot of the current debate on the value of advice is more than a little bemusing. Over many years the role of advisor has evolved from what was predominantly an insurance advice role (~40 years ago) through superannuation advisor (~30 years ago), investment advisor (~20 years ago)…
Things to consider when buying shares
This article is an extract from a discussion on the merits of purchasing shares in Rio Tinto. It covers some of the points that would impact on such a decision. It is not exhaustive but it is a good start.
World Sharemarkets – a look at the long term…
Vanguard have released a brilliant interactive chart on their website. In this post we look at some of the results from the chart and highlight just how much fun can be had in the nerdy world of money.
Why Industry Funds are good “Default Funds” in awards
There has been quite a bit of debate in recent times on various clauses in various “Awards” as they relate to superannuation.
Some argue that this takes away “member choice” and that it unfairly promotes “industry funds” (i have not used capital letters, as i have not investigated whether all awards with these provisions specifically relate to funds that are members of the Industry Funds marketing group). However, i would argue that this is in fact a very good basic step to take in many cases….
“Industry Funds” – Compare the pair
Just a moment please, while i don my titanium-lined protection suit… Members of the super fund industry are particularly sensitive at the moment, so anything that i may say here will undoubtedly be taken incorrectly, misquoted or distorted in some other way. Previous attempts to bring a bit of plain English to the super funds…
Trouble with the Law?
No, it’s not what you think… In my experience, the legal profession has a similar problem to the financial planning profession – lots of people are scared to make an approach to use the services on offer. This could be the result of bad publicity, unrealised expectations in the past or bad experiences of friends…
Comparing Super Fund Returns
For those who do not wish to visit a financial planner or those who simply want a quick response without having to go through lots of discussion, here is a very good website that offers fund comparisons. It is the Chant West “Applecheck” site. It focusses on more than just returns, and is an extremely good…
Understanding Superannuation Fund Returns
I’m sorry, that was just sooooo funny that i almost choked even as i was typing it. ‘Understanding’ is not a word usually associated with superannuation funds, never mind understanding anything about the investment returns achieved by those funds. APRA (the government body charged with supervision of a lot of these areas) has just released…
