ASIC surveys wedding costs
What does the cost of weddings have to do with financial services regulation? Best ask the Australian Securities and Investments Commission (ASIC).
The regulator, currently the subject of a Senate Committee review and likely to be the subject of scrutiny by the forthcoming Financial System Inquiry, is using its MoneySmart website to conduct a survey on the cost of conducting weddings in Australia.
According to the web-site, "MoneySmart is conducting a survey to find out more about people's spending on their wedding and how they managed the costs".
It goes on to add, "Your insights will help others who are planning a wedding".
According to a statement on the MoneySmart website attributed to ASIC chairman, Greg Medcraft, "MoneySmart is an initiative of the Australian Securities & Investments Commission. We offer you tips & tools to help you make the most of your money".
The survey asks a range of questions from what, if any, sacrifices people made to pay for their weddings to "What is your top money-saving tip you'd give to someone planning a wedding?" and "What was the worst wedding gift you received?"
Recommended for you
ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test.
Quarterly Wealth Data analysis has uncovered positive improvements in financial adviser numbers compared with losses in the prior corresponding period.
Holding portfolios that are too complex or personalised can be a detractor for acquirers of financial advice firms as they require too much effort to maintain post-acquisition.
As the financial advice profession continues to wait on further DBFO legislation, industry commentators have encouraged advisers to act now in driving practice efficiency.
