Submitted by Sue on Tue, 2022-11-29 09:08

The mind boggles. These are the people, along with others in the ISF cohort, who perpetrated the Fox in the Hen-house lies.
Are we now to believe that financial advice from an ISF is going to be all that a person needs.
Let's use the inheritance scenario -
"things like members receiving an inheritance and wanting some tailored personalised advice about what to do with it, but not necessarily being in a position to want or need a more comprehensive conversation about their circumstances at that time"
Tailored personalised advice would surely have to include a question about the mortgage on the house??
And whether the recipient of the inheritance had any family members who needed financial support eg a loan to make a deposit on a house?
Don't just assume they want to put it into to super and all they need to know is what the contributions limits are. And by the way, explaining contribution limits is not advice. It's information in case you need to know.
I still can't fathom how those with such narrow views of what constitutes advice can be putting up their hands to fill any gap.

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