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We are Australia's leading consumer organisation with over 160,000 members.
Set up by consumers for consumers, CHOICE is the consumer advocate that provides Australians with information and advice, free from commercial bias.
As vital today as when we were founded in 1959, CHOICE continues to fight for consumers and uncover the truth.
By mobilising Australia’s largest and loudest consumer movement, CHOICE fights to hold industry and government accountable and achieve real change on the issues that matter most.
CHOICE doesn't accept advertising or sponsorship. This means we can uncover the truth about everyday consumer issues and provide practical advice to help consumers cut through the crap.
CHOICE is Australia's largest source of expert reviews. Based on unbiased analysis and rigorous testing, we help consumers compare products and services and select what’s best for them.
The recent collapse of Storm Financial has plunged thousands of households into unexpected debt and desperation, with losses expected to exceed $100 million. In 2006, the Westpoint Group collapse lost investors in excess of $300 million. Common to both collapses were remuneration models that created moral hazards for advisers and led to people being pushed into risky products that weren't necessarily right for them. We don't think financial advisers should be pushing products simply to serve their own interests and we're calling on the government to ban commission, asset based and other incentive remunerations. There are more than 16,000 financial advisers across the country, and many are doing the right thing. But seeking personal financial advice shouldn't mean playing Russian roulette with your life savings.
Video: Fair financial fees
Financial advisers are often influenced by commissions. It's time for change.
Read our case study - Is my adviser working for me or for themselves?
Our submission to the parliamentary inquiry
23 Apr 2010
Read your rights and some effective tools you can use to fight back. The time has come for banks to get rid of some fees and make others fairer.
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