{"id":7242,"date":"2010-08-04T01:20:34","date_gmt":"2010-08-03T15:20:34","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=7242"},"modified":"2020-02-06T08:11:31","modified_gmt":"2020-02-05T21:11:31","slug":"federal-election-who-will-better-serve-interests-of-advisers-consumers","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2010\/08\/04\/federal-election-who-will-better-serve-interests-of-advisers-consumers\/","title":{"rendered":"Federal Election – Who Will Better Serve Interests of Advisers, Consumers?"},"content":{"rendered":"

\"Vote<\/a><\/p>\n

In the midst of the Federal Election campaign, we are asking advisers to consider which party\u00a0they believe will better serve the diverse\u00a0interests of the financial services industry if they win Government.<\/p>\n

Our poll question is:<\/p>\n

<\/p>\n

Following the August 21 Federal Election, which Government will deliver a better financial services industry for advisers and consumers?<\/em><\/strong><\/p>\n

The answer to this question may be simple for some, but difficult for others.\u00a0 For example, would a new Coalition Government be better for advisers and the industry itself, but leave consumers less protected?\u00a0 Would a returned Labor Government serve the interests of consumers, but at the expense of a less competitive financial services sector?<\/p>\n

Successive Federal\u00a0governments have agitated for serioius\u00a0financial services reform.\u00a0 For the many who have spent some time in the industry, they may recall the substantial changes made by the previous Coalition Government: the Financial System (Wallis) Inquiry, leading to CLERP 6 recommendations, leading to the Financial Services Reform Act, leading to unintended consequences, leading to the FSR Reform Amendment Act.<\/p>\n

The present Government has instituted three key inquiries in its first term: Ripoll, Henry and Cooper, where many recommendations from all three will inevitably be legislated if the Government is returned.\u00a0 But which recommendations?\u00a0\u00a0What will be the impact and\/or consequences?<\/p>\n

Is it possible that one Government can enact policies that will see a better outcome for all elements of the financial services community, including industry funds, retail funds, life companies, advisers, licensees and of course, consumers?<\/p>\n

Or is it impossible, almost\u00a0by definition, that one Government can structure a financial services industry that will be to the benefit of all these sometimes conflicting\u00a0elements?<\/p>\n

To what extent will advisers be swayed by one of the key policy differences between Government and Opposition, namely that a Labor Government will legislate to control, to an extent,\u00a0how an adviser is remunerated, but a Coalition Government has said it will not?<\/p>\n

We are not asking how you will vote on August 21.\u00a0\u00a0Your answer to\u00a0this poll question may indeed\u00a0reflect how you will vote, but there may be other considerations that will lead you to cast your\u00a0vote\u00a0a different way.<\/p>\n

Tell us what you think.\u00a0\u00a0As always, we will\u00a0appreciate and value all (measured) comments you may wish to add…<\/p>\n

\"Vote<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

In the midst of the Federal Election campaign, we are asking advisers to consider which party\u00a0they believe will better serve the diverse\u00a0interests of the financial services industry if they win Government. Our poll question is:<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,3,49,270],"tags":[],"class_list":["post-7242","post","type-post","status-publish","format-standard","category-compliance-regulation","category-general","category-polls","category-remuneration"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/7242","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=7242"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/7242\/revisions"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=7242"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=7242"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=7242"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}