That’s not a complaint…this is a complaint

australian-investors/australian-securities-and-investments-commission/financial-planners/cent/

31 July 2002
| By Kate Kachor |

FOR those Australian investors who have prided themselves on complaining about anything and everything for much of their lives, here’s a spanner for your works.

According to the Australian Securities and Investments Commission (ASIC), only six per cent of Australian investors actually know how to complain properly when it comes to trouble with financial products.

That means 94 per cent of Australian investors are running amuck whingeing, moaning, and creating agonising situations for financial planners in a completely clueless manner — actually, that sounds quite similar to the way a few BDMs act.

In an attempt to tackle the lack of proper whingeing, ASIC has released a guide, which slots into the blatantly obvious category — the ‘You Can Complain’ guide.

That’s right, for all those investors out there who are paranoid that the level of complaints they have lodged in the past five hours has been under 50, then here is the guide that will help you reach well over your quota.

The guide, which is outlined in the universally popular step-by-step model, gives investors an in-depth account of how to annoy the crap out of those in the financial planning markets. In a further step, ASIC has also released the guide in three languages other than English — Vietnamese, Arabic and Chinese — proving that when it comes to complaints, communication has no barriers.

However, it seems the guide should really be called, ‘How to go from an A client to a Z client in three simple steps’. Perhaps this could be another best seller for Rene Rivkin?

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...

1 week 3 days ago

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

1 month ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

1 month 1 week ago

AMP has settled on two court proceedings: one class action which affected superannuation members and a second regarding insurer policies. ...

3 days 9 hours ago

ASIC has released the results of the latest adviser exam, with August’s pass mark improving on the sitting from a year ago. ...

1 week 6 days ago

The inquiry into the collapse of Dixon Advisory and broader wealth management companies by the Senate economics references committee will not be re-adopted. ...

2 weeks 6 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Powered by MOMENTUM MEDIA
moneymanagement logo