"There are too many Australians making financial decisions for themselves in an ill-informed way and that's even people who think they know what they're doing. Believe me until you get someone sitting down with you, provoking the right sorts of questions I don't think you're going to come to the right decision," he said.

Very true, however the FA industry, because of a few, was suspected to be shonky salespeople (not acting in their clients best interests, trailing and hidden commissions, living off ignorance) and therefore not trusted by the great unwashed.

One of Labor's non cock-up's was FoFA reform, which over time would have improved the industry's standing in the community.

Sinodinos has ruined the chance to get rid of the current perceptions. Foolish indeed.

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