Polls

1MMFPAAFAmerger Do you support a merger of the Financial Planning Association and the Association of Financial Advisers?
 
59%
 
2%
 
39%

 

Previous polls

1MM-MIS Financial planners have been heavily criticised in the wake of the Great Southern collapse. Do you believe the criticism is justified?
Yes, MIS schemes were paying 10 per cent commissions and they were always problematic.
 
50%
Perhaps. Planners should have monitored the schemes and their performance more carefully.
 
7%
No. Most of the investors were in it for the tax breaks and knew the risks.
 
13%
No. Managed Investment Schemes are a legitimate investment vehicle and the commissions they paid had no influence.
 
30%
The poll is closed.


Agribusiness With most clients recording losses with their investment portfolios this year, do you consider agribusiness to be a tax-effective strategy in a downmarket?
Yes
 
50%
No
 
36%
I don't know
 
14%
The poll is closed.


ANZ confirms 58 planner cuts ANZ Group has cut 10 per cent of its financial planning personnel. How secure do you feel in your current role?
Very secure, there seems little likelihood of my job being threatened.
 
16%
Quite secure, we are facing tough times but I don’t believe my job will be cut
 
52%
Nervous, times are tough and some jobs will probably have to go.
 
26%
Very insecure, it is only a matter of time.
 
6%
The poll is closed.


tax_deductible The Federal Opposition has suggested that financial advice be made tax-deductible. Do you think such a policy approach is appropriate?
Yes, all financial advice should be tax deductible.
 
55%
Yes, but only advice relating to superannuation
 
0%
No, there is no justification for a policy.
 
8%
Yes, but only with respect to fee for service.
 
38%
The poll is closed.



Intelligence Do you believe financial planners are able to access sufficient independent market intelligence to assist them with giving sound advice?
Yes, there are a wide range of sources and it is not a problem
 
20%
Yes, but they are unreasonably constrained in what information they can use.
 
6%
No, advisers are too reliant on dealer groups and fund managers
 
75%
The poll is closed.




shadowshop The Australian Securities and Investments Commission will undertake another shadow shopping exercise in the new financial year. Do you believe shadow shopping is a valid exercise for a regulator?
Absolutely, it acts as a measure of whether planners are meeting their obligations.
 
9%
Yes, but it should include all facets of planning, including advice given by industry funds.
 
6%
No, but it does act as an encouragement to planners to obey the rules.
 
0%
No, shadow shopping has absolutely no value.
 
85%
The poll is closed.

12 - 20 March 2009



The global financial crisis is now reportedly impacting Australian financial planning practices. Des The global financial crisis is now reportedly impacting Australian financial planning practices. Describe the impact on your business:
 
8%
 
2%
 
27%
 
4%
 
59%

06-12 March 2009

Financial planning legislation Do you think the legislation covering the provision of financial planning needs to be strengthened?
 
24%
 
7%
 
69%



Super Commissions Should the Government legislate to preclude commissions from the provision of financial advice relating to superannuation?
No
 
12%
Yes
 
88%
The poll is closed.

MM_storm_inquiry What sort of inquiry should be initiated into the collapse of Storm Financial?
Senate Committee inquiry
 
6%
Judicial Inquiry
 
26%
Royal Commission
 
29%
No inquiry required
 
40%
The poll is closed.


MM Storm Powers Do Australia’s financial services regulators need more powers to deal with companies such as Storm Financial?
Yes
 
44%
No
 
56%
The poll is closed.


 
ASIC Was ASIC justified in maintaining the ban on covered short selling?
Yes
 
38%
No
 
62%
The poll is closed.


AIRC Monopoly - Money Management Do you agree with the Investment and Financial Services Association that the AIRC has created a monopoly?
Yes
 
46%
No
 
54%
The poll is closed.


 

Money Management Poll Should ratings houses be regulated?
Yes
 
79%
No
 
21%
The poll is closed.

 
Credit crisis- MoneyMan and SuperRev How long do you think the current credit crisis will last?
Another 6 months
 
44%
Another 12 months
 
10%
Another 18 months
 
23%
Who knows
 
22%
The poll is closed.

1MMFPAAFAmerger Do you support a merger of the Financial Planning Association and the Association of Financial Advisers?
 
59%
 
2%
 
39%

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