Out of commission

A recent article by Annette Sampson highlighs the value of good advice and the risks associated with bad advice.

"The one positive outcome of the Storm debacle has been the establishment of a parliamentary inquiry which will examine, among other things, the role of financial advisers in recent collapses such as Storm and Opes Prime, the regulatory environment for these products and services and the need for any legislative or regulatory change. The terms of reference also include the role played by commissions, including the potential for conflicts of interest, the need for appropriate disclosure, and remuneration models for advisers."

For the complete story please go to http://www.businessday.com.au/business/out-of-commission-how-the-lure-of-big-fees-leads-to-bad-advice-20090327-9e5b.html