Banks should pay advice exit levy: TAABY ANNABELLE DICKSON | THURSDAY, 18 MAR 2021 11:31AMThe Advisers Association (TAA) is calling on the government to mandate major banks and institutions pay an exit levy upon leaving the advice industry to provide relief for financial advisers and mitigate the increasing levy.
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Fiona Mann
HEAD OF LISTED EQUITIES AND ESG
BRIGHTER SUPER
BRIGHTER SUPER
Brighter Super head of listed equities and ESG Fiona Mann was shaped by a childhood steeped in military-like discipline and global nomadism. Andrew McKean writes.
Frankly, why is it that advisers are changed a levy at all to maintain a government bureaucracy? A policing agency at that! It's incredulous to me that the various adviser associations have meekly sat by and not raised a single voice in protest about this outrage?
It's not unlike a couple of government reps coming into your home demanding all of your valuables and all of your money. You protest and say 'how do you expect to get away with this?' They then say, 'two reasons: a) because we want what you have; and b) because we can!'