MLC Market Watch

The 2009 Federal Budget was one of the more significant in recent history, with the Government tasked with steering the country out of the global financial crisis.

In an effort to regain lost revenues caused by the global downturn, the Government has decided to pull back some of the superannuation tax concessions.

In particular, there are two key changes to the treatment of super that are scheduled to take effect on 1 July 2009.

And while not yet legislated, there may be benefits for you if you act before 30 June.

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MLC’s Greg Miller, General Manager of Advice Solutions answers questions posed to our panel on Wednesday 12 November on how to find a quality financial adviser.

How do you find a trustworthy adviser? I know people who have lost everything by trusting people.

Developing a plan for your finances is one of the most important things you can do in your life, so it pays to find an adviser you can trust to understand your needs and act in your best interests.

Most financial institutions are able to refer you to a qualified financial adviser, so you can ask for recommendations from an institution you trust. You can also search on the Financial Planning Association website.

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