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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (98168)2/11/2003 12:36:06 AM
From: Joan Osland Graffius  Read Replies (1) of 132070
 
These Aussies are great "the industry hadn't yet evolved from traditional door-to-door life insurance sellers to professional advisers."

Money advisers under fire
By Tim Boreham
February 11, 2003

MAJOR financial services companies have defended the billions of dollars they've invested in expanding, after a damning report on the quality of advice.

But most agreed the report, by the Australian Securities and Investments Commission and the Australian Consumers Association, showed the industry hadn't yet evolved from traditional door-to-door life insurance sellers to professional advisers.

theaustralian.news.com.au
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