House debates
Wednesday, 25 June 2014
Matters of Public Importance
Future of Financial Advice
4:11 pm
Rob Mitchell (McEwen, Australian Labor Party) Share this | Hansard source
Order! The time allocated for this discussion has concluded.
4:11 pm
Rob Mitchell (McEwen, Australian Labor Party) Share this | Hansard source
Order! The time allocated for this discussion has concluded.
Kay Spurr
Posted on 26 Jun 2014 11:02 am
Mr Hogan says - "The protections that we are going to maintain here, and the regulations, ensure a commitment from the providers, from the financial planners, to lift their professional, ethical and educational standards. Again, the balance is in the red tape, not penalising."
The road to hell is littered with 'commitment' from the provider as well as self-regulation. About as effective as hiring a burglar to install your security system!
Kay Spurr