Hi Mike. Whether the Royal Commission was called at the right time or not is not as important as the fact that it has now been called and a bright light is shining on the industry. The prime minister can take credit for that. At the same time it is important that we discuss the major big picture items like:
- how is longevity risk of retirees funds assessed in the industry-the changing nature of employment with the future of work and its impact on the industry-who sets the industry standards for users of the CFP trademark. Is it an Australian regulator?- are industry commentators right about mortgages needing to be financial products? (https://www.moneymanagement.com.au/news/financial-planning/mortgages-are...)- is the biggest over 50's retirement association with 38 million members right with their policy of changing longevity risk with retiring part time?
Keep up the good work Mike you are doing a great service for Australia. Thank you.
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