Wealth Creation

The Banking Royal Commission (aka The Hayne Royal Commission) and the Exposed Corruption and Bad Practices by some Financial Planners, Banks, Insurers and Fund Managers

BiG Tip: None of us want to risk losing our hard earned cash or savings. Unfortunately there are, and will always be some bad apples and practices whenever it comes to money. The Guru Cops BiG lists will help you identify people and companies to avoid and might give you some remedies if you’ve been taken advantage of.
Here are some useful books and an insight into dubious practices uncovered by The Hayne Royal Commission into the Australian financial system.

Five must-read books on the banking royal commission Susan Healy, Money 2019. She says: If you have a bank account, insurance policy, and financial planner or belong to a superannuation fund, you want to avoid the wrong ones. One way is to understand the DNA of the companies behind these financial services. But up until last year, journalists had limited evidence of bad practices, extortionate fees and detrimental, inflexible terms. Enter the royal commission into misconduct in the banking, superannuation and financial services, along with commissioner Kenneth Hayne and his legal team. They uncovered so much corruption, self-interest and excess that an estimated $10 billion compensation will be paid to back to customers.
Banking Bad, Adele Ferguson
A Wunch of Bankers: A Year In The Hayne Royal Commission, Daniel Ziffer
Money SpinnersAnnelise Nielsen
It’s Your Money, Alan Kohler
The People Versus The BanksMichael Roddan

by | Jan 27, 2022 | Wealth Creation | 0 comments


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