WOMEN HARD DONE BY Although the truth is that it doesn't matter whether male or female, few will have anywhere near enough money saved in their retirement fund accounts. Let's be clear here - "I do not sell retirement funds". I haven't been a licensed financial planner since 2006 - thank goodness. But the problem is not mine. it's YOURS! Part of the problem today is people are getting to retirement with insufficient funds in their account, and still have a mortgage or debt to pay out. Once that's done, there's very little left to live on. You need to turn that around! And Money Rules can show you how. ... See MoreSee Less
The National Seniors organisation - of which I am a paid up member - is disappointed that financial planners have until January 2019 to meet educational levels. What they don't realise is that the industry and advisers have been inundated with educational standards since before I started in 1987. It was never compulsory then, but by around 1992 it was becoming a required standard in order to remain in the industry. Since that time, consecutive governments have forced even more compulsory education standards, audits and penalties on advisers and made them far more accountable than ever. But like any barrel, there will always be the rotten apple. (Politicians are no different, but not held to the same standard of accountability, but just public profile). Anyone who is a financial planner puts a lot at stake in reputation, education, time and money to do the best possible job they can for clients. Don't judge the industry by the failures but by the successes. Instead, judge the failures on the companies who wield tight fiscal control over the planners and keep them on a tight leash to ensure the office or bank gets more than it fair share of fees before doling out the measly pittances to advisers. If people took more time to plan their futures than their annual holidays, then perhaps they would better understand the rigors of being a financial planner and work with them rather than to blame the for industry losses. ... See MoreSee Less
15 Jan 2015 Seniors have welcomed a report recommending higher education and professional standards for financial advisers but said the 2019 deadline for compliance was too far away. The Parliamentary...
What a great year it has been for making new Friends here on Money Rules and I want to personally thank and Welcome John Phillips, Belinda Pritchard, Varant Majarian, Natasa Denman, Rhea Bueno, Cynthia Trevino, Rosemary Buyck, Valentia Ussia, Bgoeop Founder, Eliie Savoy, Eddie DeSouza, Vicky Jamieson, Annete Bugeja, Fred Gillen, Gina Luke, To Ni, Rose Ahmed, Zahroula Harris and Mary Coliier. Welcome to you all and I wish you every financial success. :) ... See MoreSee Less