Abstract
This introductory chapter sets the scene for the subsequent technical chapters. In many ways, financial planning is a product of the circumstances that arose in the early 1980s when it became apparent that issues such as an ageing population, poor levels of domestic savings and substantive changes in government policy relating to the funding of an individual's retirement created the need for holistic financial advice. This chapter attempts to define the term financial planning, followed by a discussion of the factors which have contributed to the emergence of this new profession/industry. Finally, the chapter briefly considers the historical framework of the industry and the role played by the major professional bodies and other players.
Original language | English |
---|---|
Title of host publication | Financial Planning in Australia |
Editors | Sharon M. Taylor, Roger Juchau |
Place of Publication | Chatswood, N.S.W. |
Publisher | Lexis Nexis |
Pages | 3-36 |
Number of pages | 33 |
Edition | 5th |
ISBN (Electronic) | 9780409332100 |
ISBN (Print) | 9780409332094 |
Publication status | Published - 2013 |
Keywords
- financial planning