Financial advisers don't make the grade

A new report from ASIC exposes some worrying flaws in the financial advice being given to clients ahead of retirement.

PORTFOLIO POINT: ASIC’s latest 'shadow shopping’ report on the financial advice industry is a damning indictment of the quality of advice received by many clients.

The reaction from financial advisers to ASIC’s latest 'shadow shopping’ report on the industry was both predictable and revealing.

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