FoFA amendments undermine confidence in advisers: Shorten

Clearly there are no mirrors in the Labor Party offices these days.

Why didn't the media jump all over Rudd in May 2009 when he changed the age pension age from 65 to 67...??

That one went thru without any of this furore...why is that do you think?

Agree, they have no mirrors.

The decisions that are being made now are because of the failure Labor leadership.

Shorten has no idea when it comes to FoFA

Dear Mr. Shorten,

Our confidence was undermined when you and your government decided to change rules with affect the financial services industry.

Mr. Abbott's merely trying to fix what you broke.

Please stop the usual negative opposition, we can't handle it.

Kind Regards,

Financial Planner

Here we have Bill Shorten accusing the Govt of broken promises!

I don't believe I have heard anything more contradictory in my life.

Correct me if I am wrong, but isn't this the same person who was one of the "faceless men" who dumped a prime minister, then absolutely pledged and promised their wholehearted support for Julia Gillard until 30mins before a ballot where he then withdrew his vital support for her only to turn around and throw his support behind the man whom he had previously decided was a failure in leading the country ? Is this hypocrisy of the highest order?

Shorten knew exactly that the Labor party had zero chance of winning with Rudd at the helm, which would have catapulted him into a chance as party leader(his dreams have come true!). Based on his recent performance as Opposition Leader, the Labor Party must be wondering what the hell they have done.

I seriously have to wonder at the front people like Bill Shorten must have to be able to even mention the words "broken promises" based on his and his own party's behaviour,it is just astounding.

He has zero credentials to be speaking on any topic,other than being called as a witness to give evidence to an enquiry into corruption and the union movement.

What undermines confidence in financial advisers are the many fools that openly comment on topics they have no knowledge, experience or understanding of, other than the skewed and biased information provided to them by their minders and media advisers.

Mind you, a desperate man will say and do desperate things.

"the government's proposed amendments to the Future of Financial Advice (FoFA) legislation undermine confidence in financial advisers." So true, so true.

Also true is that both the Libs and Labor lie during the election leadup and in power for their own benefit (survival), not the country's.

Also true is that in NSW both the Libs and Labor parties have an ever increasing element of corruption within their ranks. The ICAC, is yet again, proving this fact.

Always look a second time at someone that promotes a reduction in the ICAC's power and authority. The lounging Sydney Institute's Gerard Henderson comes to my mind (his "livid, loud and nonsensical" Lateline performance should have him considering retirement).

Australians deserve better (honest) politicians and better (honest) FA's. All professional (ex-polly) lobbying should be against the law, professional lobbyists should not have inside influence in Government and political party decisions and the original FoFA legislation should be given a chance to work, even though it was a Labor Government initiative.