New book not for the dummies
The FinancialPlanning Association (FPA) has endorsed the publication of a new book designed to assist members of the public deal with their own financial issues.
Personal Finance for Dummiesauthor Barbara Drury says despite the title, the book is aimed at those who are unsure about what action to take in regards to personal finance.
“This book is not aimed at dummies, only people who haven’t got a clue about their personal finances ... for example, there’s a lot of serial bankrupts in the legal profession!” Drury says.
The FPA collaborated in the production of the book, which was launched in Melbourne last week during Financial Planning Week.
The 350-page paperback took Drury two years to write, in collaboration with the FPA, which provided technical editing services. The book discusses day-to-day personal finances, credit cards and loans, as well as investing, superannuation and estate planning.
Drury noted that personal money problems have been cited as the main cause of marriage breakdowns and the major trigger for suicides in Australia.
FPA chief executive officer Ken Breakspear endorsed the book at the launch, emphasising that it was not just for the rich, adding that he would be taking home extra copies for his teenage children.
Recommended for you
Two law firms have highlighted licensees’ responsibility to ensure they have sufficient cyber security measures in light of the enforcement action against Fortnum Private Wealth.
A former director has pleaded guilty to providing financial product advice without holding an AFSL which saw almost $2 million transferred to him.
Commonwealth Private Limited, a subsidiary of Commonwealth Bank of Australia, has launched a wholesale offering with the help of JPMAM.
Shaw and Partners’ new national head of private wealth believes the biggest challenge for financial advisers right now is being able to deliver efficient advice delivery amid a complex regulatory environment and growing investment universe.
