Wow...talk about adopting a 'glass half full attitude' Colin Williams...“This may seem a bit disappointing, given a positive start earlier in the year, but at the same stage last year it was almost 10 times worse at -828,”

So if the last guy leaves, being ONE, is that also a positive sign that ONLY ONE left?

What stinks most about the state the industry is in is that the culprits of it's demise have just ridden off into the sunset without any retribution whatsoever. Frydenberg and that filth O'Dwyer are both in jobs now (financial services not surprisingly) earning huge incomes. For fear of sounding like a child - this just isn't fair in any way.

By designing legislation and compliance guidelines that were meant to weed out the <5% of 'dodgy' advisers, we've erased 55% of the industry. I don't care where you drink - that fails to pass any pub test! This has been nothing but a totally avoidable disaster!