A third of financial planners tipped to leave industry due to new laws

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Nearly a third of financial planners could be wiped from the industry as a result of new education standards for financial planners that come into effect today.

 

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About time - these fly by nighters are parasites

About time. And Libs didn’t want the royal commission. I will remember that during election campaign.

Good

Good.

No great loss

'Taxi driver new laws mean taxi drivers will need a driving license.' Sounds about right...

TerrySerio In other news, nearly all financial planners would be wiped from the industry if new ethical standards came into effect.

Charlatans and fraudsters experienced in ripping off the public now more exposed as fakes, while those practitioners who are fair dinkum now need to get some training. Hardly the collapse of Australia's financial system.

Good!! A lot of them should be prosecuted!!

Can we get onto doctors and teachers next?

Well done, I say.

u_hardy Remember who made this mess.

MSMWatchdog2013 Sounds like a plan.

Good

If only they'd used their skills for the benefit of their clients, instead of self-enrichment.

Good

call_me_tomasso I'd settle for honesty & impartiality.

And next year another 1/3 next year I hope

Why only a third?

Imagine an article that read 'A third of Doctors could be forced to stop surgery after new laws requiring them to have an undergraduate degree come into force' The only thing bad about this is that it has taken so long for a critical industry to become a profession auspol

whats going to happen to all those 18 year old kids.....

If they were so good with money. ...they wouldn't be doing what they're doing.

niltiac Bye.

MSMWatchdog2013 And?

MSMWatchdog2013 Good

MSMWatchdog2013 The QFS is Here!

Good. Can I give you a list?

Sounds good to us. auspol

The rest of the non independents should go too or have their job title changed to sales.

margelliott6 Good.

Due to higher standards, I hope.

How will this affect you dce8

margelliott6 That particular rort door closed eh, bugger

More needs to be done.

Won't be missed

BridgetOFlynn and about time many are crooks and only sell where they make a profit and we loose money

denniallen No problem with having qualified people. How did under qualified financial planners get a job in first place ? 👎

Good riddance!!

DIY

BridgetOFlynn bunch of crooks....anything to do with avoiding and rorting the tax system is corrupt to the core and so are the people practicing it.....lock 'em up!!!!!

one third you say. going on Royal Commission that's way short of Required REMOVALS

That’s like waking up the news a third of the cane road population has been wiped out, how do we get the other two thirds

👏👏💕 if you are not qualifiedare you stealing?

One positive to start 2019.

denniallen Sounds good to me

Hold on. At 62 and after 18 years as a financial planner he needs to work as an Uber driver to supplement his income. Couldn’t have been very good at it.

Good.

Excellent news!

And this is bad, why? Financial planners make used car salesmen look ethical and well informed by comparison.

Only one third? The whole bloody lot are a stain on society. Worse than drug dealers and thieves. The fiscal damage they do to a fair society and their role in furthering inequality make them public enemy No 1

Just dump people, that is an arsehole act.....they are instantly unemployed. Why not force them to take up recognised studies with benchmark testing every 6 months to measure progress, those that make the grade continue in the industry.

Good. Saw three, all advice was crap.

The first question you must ask a prospective financial planner is “ why are you still working for a living?”.

There will be cob webs and tumble weeds at most banks.

Seems fair.

AndThatsABadThing smh financialplanning

Over priced snake oil salesman anyway

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