Advisers Prefer Coalition – Poll

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Following the May 3 Federal Election, which Government will deliver a better financial services industry for advisers and consumers?
  • A Coalition Government (53%)
  • It doesn't make any difference (31%)
  • A returned Labor Government (14%)
  • Not sure (3%)

The majority of Riskinfo readers believes a new Coalition Government will deliver a better outcome for advisers and their clients.

As we go to press, over half of those taking part in our latest poll (52%), prefer the Coalition at the helm – at least insofar as delivering a better financial services industry – rather than a returned Labor Government.

Easily the next largest cohort of votes belongs to those advisers who believe it makes no difference which of the major parties forms the new Federal Government (33%), while only around one in ten (11%) thinks a returned Labor Government would be best.

Looking through the lens of Riskinfo readers, neither of the major parties has distinguished themselves over the last two or three terms of government when it comes to delivering for the financial advice sector, which may account for the high proportion who have indicated it makes no difference which party ends-up in power after May 3 2025.

The result of this poll also shares some similarities with the same question we asked in the lead-up to the May 2022 Federal Poll, which delivered this result:

The result of our poll asking you the same question three years ago – noting a similar pattern following the last three years during which Financial Services Minister, Stephen Jones, had committed to fixing the ‘hot mess’ he says the Coalition had made of the financial advice sector…

Perhaps today’s current poll supports the contention that the incumbent Labor Government and its outgoing Financial Services Minister failed to meet the expectations set by at least a proportion of the advice sector.

With the May 3 Federal Election pre-polling now open to voters, you still have time to cast your own vote here on this question, as our poll remains open for another week…



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1 COMMENT

  1. This one always befuddles me. Labor Governments have consistently been better for financial services than the Coalition. If the Libs had their way, there would be no SG, which would gut the entire FS industry, including Insurance.

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