We have all been concerned about recent news emanating from the Financial Services Royal Commission and the confidence of Australians to receive trustworthy, thoughtful and appropriate financial advice. The appalling behaviour of many corporates and advisers has sometimes resulted in a devastating financial impact on investors.
I recently read an article by NAB about the changing measures of SUCCESS in Australia. It stated that “Australians are no longer measuring success by money, property or a well paid job. Overwhelmingly, being happy, having good family relationships, and personal wellbeing are the barometers of success in Australia”.
Last Thursday was a historic moment for the financial planning profession. In a step forward for the financial planning industry, new legislation has been passed to improve the quality of the profession.