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Toady’s legislation will make financial planning only marginally more polite than handing our money over at gunpoint.
That’s an excellent portrait of Matthew Rowe, Firsty. A surefire entrant for The Archibald.
As I understand the case for the amendments, they include enabling the consumer to avoid up front costs of financial advice by agreeing that such advice need not be subject to a ‘best interests’ duty.
You only have to say it out loud to start laughing. Why would anyone ever fall for such an obvious ploy ? Because ‘agreement’ consists of signing the sort of terms and conditions everyone signs without reading.
I wouldn’t actually believe anyone knowingly accepted such terms unless they read a public statement to that effect on the steps of Parliament accompanied by before and after brass bands and a jet flyover (a la the grand pricks ‘celebration’).
Boy have I got a deal for you. It’s a FOFA too good to refuse.
You just know there’s a problem when Chris Berg and the IPA support changes like this. Never mind the detail, you just know.
Fee-fi-fofa-fum, they smell the cash of the old and dumb…
Hmmm. Sharks vs Marks. Guess which we are. Now do the 51% of gullible morons who voted for this clutch of Carcharhinus leucas get what they have done?