Fi­nan­cial check­list vi­tal for fam­i­lies

Sunday Tasmanian - - News - SO­PHIE ELSWORTH

SCOTT Pape hopes par­ents will teach chil­dren how to be fi­nan­cially lit­er­ate so they are able to de­tect if they are not get­ting a fair deal.

The hor­ri­fy­ing re­ports from the fi­nan­cial ser­vices royal com­mis­sion con­tin­ued last week with more tales of fees for no ser­vice, billing dead peo­ple and mis­con­duct rock­ing the su­per­an­nu­a­tion in­dus­try.

The Barefoot Investor said while many fi­nan­cial in­sti­tu­tions and su­per funds have acted badly, con­sumers need to arm them­selves with better fi­nan­cial knowl­edge so they can sniff out un­fair charges and in­ap­pro­pri­ate con­duct.

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