The hotly debated best interests duty for mortgage brokers has now formally passed through both houses of parliament. The bill originated from the Royal Commission into the Misconduct in the Banking, Superannuation and Financial Services Industry. The outcomes of the bill are to amend the existing National Consumer Credit Protection Act 2009 and the National Consumer Credit Protection (Transitional and Consequential Provisions) Act 2009. 

Choosing a financial adviser is a decision that requires care, thought and patience. Just like swiping through dating profiles, or picking your next series on Netflix, you don’t want to rush in and commit to something that is just not to your taste. Especially since a majority of people who look to engage with a financial adviser are often doing so in response to an event in their life that has made them become more financially conscious. This can be both good and bad situations, but either way, the process of choosing a financial adviser should follow the same method.

So, to help you navigate your way through the pool of advisers out there, we have created a shortlist of questions. These will not only help you narrow down who suits you but will also help you understand what you are also trying to achieve through financial planning.

A new report by AFG says a shake up to the first home buyer market has resulted in promising signs for the sector. 

This is on the back of prospective changes to the first home buyer scheme, which is now 17 years old.