Quote:
Originally Posted by Clodfobble
It's a common trope here:
The culprit is mostly standardized testing--the government doesn't measure kids' financial literacy upon graduation, therefore teachers can't afford to waste time on it--but there is also an element of "I can't legally give you tax advice," believe it or not. Nearly all financially-related careers here are licensed, and you can get in deep trouble if you are perceived as giving someone advice in that arena, they lose money, and then they sue you for fraud.
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Oh financial services is a heavily licensed and regulated industry here too. I do not offer advice, for example, on what cover someone should get. Nor do I advise them on the best option if they have a couple of different settlement options available. And I have to very careful not to give a claim decision (such as telling someone an aspect of their claim will be covered) on a claim with total costs above my licence (11k)
Have to walk a very fine line sometimes.