Our latest poll gets the nod for the Riskinfo Story of the Week due to its initial results pointing to a significant change in adviser thinking in the lead-up to next month’s Federal Election, when compared with your response to the same question three years ago…
- A returned Coalition Government (38%)
- It doesn't make any difference (38%)
- A new Labor Government (16%)
- Not sure (9%)
Our latest poll asks you the same question in the lead-up to next month’s Federal Election as we did three years ago.
In 2019, the outcome of this poll delivered a one-sided thumbs up to the incumbent Coalition Government, where key issues from a financial services sector perspective revolved around areas including the cost of advice, the minimum educational requirements of advisers and the future of life insurance commissions.
Three years on, while the industry has evolved and progressed, the same or related issues persist.
Like 2019, the future of risk commissions remains unresolved…
Like 2019, the future of risk commissions remains unresolved, although it appears Labor has become a little more flexible in its approach towards this issue, which bridges the divide on this issue that existed between the Coalition and Labor three years ago. Meanwhile the rising cost of advice – for ordinary Australians in particular – remains a critical and exasperatingly difficult challenge to overcome.
Unlike 2019, however, as we head into the 2022 Federal Election, both major parties have embraced an education pathway for existing advisers, designed to help avoid a catastrophic exodus of advisers in 2026.
So, while some things have changed, others – while progressing – remain unresolved. In this environment, do you have a view as to which of the major parties will deliver a better outcome for the financial advice sector after the May election? Have you changed your mind since last time? Or are you just over it? Tell us what you think and we’ll report back next week.
…And here’s how you voted in 2019:
After what Advisers have had to endure over the last decade and especially the last 4 years, it is no real surprise that many people are upset with both parties.
However, many of the so called “Independents” are linked to the Labor party and the Greens.
What is undeniable, is the disaster that unfolded which was totally avoidable, brought on by a Royal Commission and LIF that ignored the facts and was pushed through by vested interest groups who manipulated the truth to suit their own agenda’s at all Australia’s expense.
What we have now, is all Governments pushed along and cajoled by minority groups with loud voices and deep pockets.
The truth is, it is the Regulators, Lawyers, Politicians, Big Business, Lobbyists and all aggrieved parties, jostling for their arguments to be heard, while the voice of reason is drowned out by NOISE.
Great summation, very nice, succinct! I always strive to be as succinct as you Jeremy but don’t often succeed 🙂
The definition of insanity is doing the same thing over and over again and expecting a different result.
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