With market uncertainty as it is, there has been a surge in promotions for fixed-term investment products touting themselves as suitable alternatives to term deposits, but with greater returns.  However, as we’ve discussed with a number of clients, this is misleading and ASIC is clamping down.  Here’s a really good article summarising why.  Speak with us if you’d like to know more. 

https://www.nestegg.com.au/invest-money/advice/not-like-a-term-deposit-asic-delivers-risky-investment-warning