Your retirement savings shouldn’t be someone else’s sales target
It’s a business model that most Australians don’t know anything about, and shouldn’t have to. Yet they’re being drawn into it, hook, line and sinker.
Meanwhile, while the government faffs about on this, Australians need to be a lot more wary about what they are clicking on in the financial services world. If you see an ad offering a free super check, or retirement assessment, ask yourself who’s behind it and what they want from you. Before handing over your phone number or email to be connected into an advice referral, find out whether anyone is being paid to refer you.
Then ask yourself if there’s a better way to get the help you need. There almost always is.
And if someone starts telling you your super isn’t performing, or that you need to move your money urgently, please be careful. Don’t let these very slick salespeople frighten you into deciding about savings you’ve spent decades building. Good financial advice should help you understand your options, not scare you into taking action.
I believe wholeheartedly that people should be able to find an adviser without someone else making money from steering them through the door. There’s plenty of demand out there for good advice and plenty of good advisers.
So why can’t we just let good advice win?
