Sounds like Abbott’s  home grown terrorists are easier to spot than good financial planners. When we had sold our business and were in transition to retirement our CBA business manager turned up with a lady who was a CBA financial planner. She assured us she had our best interests at heart and would turn a profit with our newly liquidated assets. We asked for her qualifications and she said she was an  agricultural scientist. I nodded  and said that was good as it indicated she could do math and at least use a computer. Obviously my next question was why she thought she had our best interests at heart and could manage our money better than us.

” Because I love making a profit and love making my clients happy”

That was the best she could do.My response was that we  could trump her on all counts as it had taken us 30 years of hard work to make the savings  30 years of continuous profit and that we were eager not to make a loss. Hadn’t she noticed we were too old for  risky ventures and that our happiness was of far more value to us than her. We never really moved on from that point. Given the recent revelations of the CBA and it’s financial planners now  I’m now quite relieved we didn’t take up her offer to be serviced.

FPA has lifted it’s professional standards we are told by Corman. The Finance Minister is telling us to forget the past and move on. Sounds awfully what a ponzi schemer would say and if bold enough would ask to start again. Why weren’t standards lifted 30 years ago the goals  of financial planning have remained the same haven’t they. It’s as if the fox owns the hen house and is making lots of promises after being caught out with the umpire on side.

The coalition wants savings built on labour to be given back to Capital to manage we aren’t even invited to the board. Capital already made profit on those savings once if they lose tough luck. Capital just moves on with an oops and Corman saying that’s life. There are no manslaughter charges handed down on the suicides that have resulted in the past

Just launched is the ‘Most Trusted Register’. Planners who clients say are giving them exceptional service and performance. Planners pay nothing to be listed it’s not funded by any body or financial services firm or any association. mosttrustedadvisers.com there is also a free apple app. It all sound like betting to me. The Abbott government just wants it made easier for capital to get at our money. It still all seems like betting to me it’s about risk management. It would be far better to offer self management courses to seniors before being told to swim in a pool with a history of sharks that have in fact caused far more deaths than the real