The Price of Advice

The Brisbane Times - Darin Tyson-Chan - August 22, 2007

"In a move towards greater transparency, the Financial Planning Association of Australia is in the final stages of implementing a code to give consumers a clearer idea of how planners are paid. From January 1 next year, its members will have to disclose the commissions they receive for ongoing advice separately from those they get from product providers such as fund managers. However, not all planners are members of the FPA and for many consumers it has been difficult to identify the different fees and commissions that might apply on their investments."

For the full story see: http://www.brisbanetimes.com.au/news/planning/the-price-of-advice/2007/08/20/1187462174442.html