Homes aren’t products.
Most Australians wouldn’t pay strangers to squat in the rooms of their homes.
Why do Australians accept the fees from the many faceless manufacturers, platform providers, planners, fund managers who crawl all over their superannuation?
Because that’s who has the power in today’s superannuation market.
Because the power in today’s superannuation marketplace is held by the large banks, the huge superannuation funds and insurance companies and because none of these make a cent from pure advice, it’s easy to appreciate how Australians have been conned into believing that superannuation is just another ‘product’ for a far-off retirement.
As long as politicians, regulators, banks, manufacturers, the media, financial planners, and on-going financial services inquiries (e.g.…