March 29, 2019 BY Valentina Kirilova

'Mind the gap' ASIC research: Consumers confuse 'general' and 'personal' financial advice

The Australian regulator ASIC has released its new research today. The research, named Financial advice: Mind the gap, revealed that many consumers confuse ‘general’ and ‘personal’ advice, which means that they could frequently make poor financial decisions. ASIC Deputy Chair, Karen Chester, commented: This disturbing gap in understanding whether the advice they are getting is…

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