AIOFP blasts 'elitist' young advisers

Well said Peter Johnston! Sounds like a small noisy cohort of young & clearly ignorant advisers, if they indeed exist at all-this may be just just another conflicted media propaganda piece, need a bit of education on those who've done the very hard yards for decades before them, are providing them a job plus invaluable mentoring etc so they can do really well in the future. You have to wonder how caring they will be with clients when they lack the capacity to get their heads around this issue and compassion! Sounds like they didn't learn some important things at Uni such as humility, respect & acknowledgement their knowledge thus far doesn't come close to an experienced adviser with decades of coal face experience who haven't lost a patient on their watch! Would you prefer a brain surgeon operate on you whose done thousands of successful operations or a young gun with lots of extra letters but no theatre experience. This cohort are not representative of the many young advisers I know & definitely don't represent anything close to the majority overall as well. To this wet behind the ears minority, if they do exist, I would say before you know it you too will be in the twilight of your careers & guaranteed you will see things more clearly with some wisdom & years! Congrats to the Labor Party for leading the way with this wonderful, desperately needed change. Given the party politic differences you would have thought the Libs/Nats would be leading the way with this matter rather than being the orchestrators of this disgraceful policy & so many others that have caused way more harm than good for many years in our profession/industry. Sadly they have deserted small business/small government long ago & in the ultimate irony are now being outdone by the left of politics. Shows you how far the once great conservative parties have fallen! Hopefully they will wake up soon & get back to their roots & join the Labor party's wise & just move!