A segment of the financial planning industry continues to see itself as the real victim of banking scandals and is desperate to stop any reform.
The vast majority of voters want an investigation into just what went so wrong with the Commonwealth Bank's financial planning arm. But they still have a lot of trust in financial planners.
Declaring that the age of entitlement is over makes sense as long as voters believe it's fair. But the government is being anything but.
The Coalition is looking to destroy the Future of Financial Advice reforms that would have ended gouging and conflicts of interest in the financial planning industry -- and it will be a massive cost to consumers.