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Money Spinners : How Australians Were Fed Lies, Sold Spin and Charged Money for Nothing by Banks and Financial Advisers - Annelise Nielsen

Money Spinners

How Australians Were Fed Lies, Sold Spin and Charged Money for Nothing by Banks and Financial Advisers

Paperback Published: 20th August 2019
ISBN: 9781760893170
Number Of Pages: 288

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Is financial advice riddled with scandals because there are just a few bad apples, or is there an inherent conflict in the profession?

Financial advice in Australia started with insurance brokers going door to door dispensing advice, and that slowly edged its way into financial advice, then compulsory superannuation set the industry off and racing. There have been scandals, collapses, merges, soft approaches to regulations and a history of skewed priorities. The drive for competition saw a lack of self-regulation that led, ultimately, to the banking royal commission and an opportunity to expose the worst operators and the bad advice being dispensed. Incompetence, conflicts of interest and greed were all exposed.

Where to from here? ASIC and APRA have become emboldened, but where will ordinary Australians be going to receive the best direction for a secure financial future? Annelise Nielsen has watched and studied the implosion of the financial services sector and here, in clear language, she wades through the weasel words to provide some clarity.

About the Author

Annelise Nielsen is a political reporter at Sky News Australia. A journalist with a wide range of experience covering stories across Australia, Asia and the Middle East. With a bachelor's degree in law and a year working in a professional services firm, my work as a journalist is often driven and informed by a strong interest in justice, the Australian legal system and politics.

ISBN: 9781760893170
ISBN-10: 176089317X
Audience: General
Format: Paperback
Language: English
Number Of Pages: 288
Published: 20th August 2019
Dimensions (cm): 23.2 x 15.5  x 2.7
Weight (kg): 0.38

Earn 52 Qantas Points
on this Book