| GOVERNMENT SUBSIDY FOR FINANCIAL PLANNING – A RADICAL IDEA? |
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| Written by Wilfred Ling | ||||||
| Saturday, 11 July 2009 | ||||||
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I read this article HERE in which the author suggested that it might be useful for government to subsidise fee-based financial planning. The rationate is to allow "The lower income group and folks with lower education in particular, would not be left to their own devices and preyed upon by operators guided solely by their pursuance of profit." This is an interesting idea although I really doubt government will do this. Nevertheless it is from my experience that many people thinks fee-based financial planning is more expensive when they would be paying much more in huge amount in commissions for buying the wrong product.
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