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Why would you dump a requirement for financial advisers to give advice that's in their client's best interests?

  • Written by: Ama Samarasinghe, Lecturer, RMIT University
Why would you dump a requirement for financial advisers to give advice that's in their client's best interests?Shutterstock

The findings about advisers in the landmark 2019 financial services royal commission couldn’t have been more stark.

Time after time financial advisers were found to have:

  • lacked skill and judgement

  • proposed actions that benefited the adviser

  • been unwilling to find out whether poor advice had been given

  • been unwilling to take timely...

Read more: Why would you dump a requirement for financial advisers to give advice that's in their client's best...

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