AFA defends industry against Labor attackBY KARREN VERGARA | MONDAY, 21 JUN 2021 12:28PMThe Association of Financial Advisers has slammed the Labor Party's attack on financial advisers, which paints the profession as dodgy and continues to rip-off consumers. Related News |
Editor's Choice
Budget 2024: The Budget by numbers
From delivering a second surplus to reducing government debt, here is a breakdown of the Budget by numbers.
Budget 2024: Cost of living relief takes centre stage
From tax cuts to investment into financial support services, the Federal Budget aims to reduce cost-of-living pressures for Australians.
Budget 2024: Government heeds industry calls to better support women
Between getting super on paid parental leave to improved access to healthcare support for menopause, women received a number of measures in the Budget.
Budget 2024: Chalmers looks to reset aged care, NDIS
The Albanese government is investing $2.2 billion to reform the aged care sector and close to $500 million to put the NDIS back on track.
Products
Featured Profile
Robert De Dominicis
CHIEF EXECUTIVE OFFICER
GBST HOLDINGS LIMITED
GBST HOLDINGS LIMITED
It was during a family sojourn to the seaside town of Pescara, Italy, Rob DeDominicis first laid eyes on what would become the harbinger of his future. Andrew McKean writes.
I don't completely disagree with the parliamentarian's comments and as an adviser of almost 40 years, I have seen so much of what she referred to. No one says ALL advisers are shonky - like no one hates ALL lawyers - but enough are/do to make it fair comment. The problems that may arise need to be dealt with rather than ignored or worse, taken as personal insults.
Regulation must consider what may go wrong as well as what may go right - that's the whole point of regualtion. Jumping on every adverse comment without offering constructive criticism, or - better - a solution - is childish. That's one of the reasons I'm getting out of this business. I've not particularly enjoyed the company of far too many in it who've done little to enhance the status or the reputation of what should be a wonderful way to help people, but has been too exploitative for far too long.
The best antidote to unintended adverse comment is to take the air out of its sails - and ignore it. Good luck Philip (Carman) - a pity you're not staying on to help repair the damage to which Ms McAllister makes reference.