When are government, regulators and anyone outside of the industry finally going to realise that the FSC are just a dodgy, corrupt cartel lobby group. These grubs conned both ASIC and government over the LIF and have never worked on the side of the customer. They wanted to slash advisers commission to rid themselves of competition to sell more junk direct insurance, they have a code with no penalties breached daily by their members, they sponsor the industry bodies AFA and FPA to get their own agendas supported and they want to get rid of legacy products more likely to pay on claims. And finally their CEO was a disaster at the Royal Commission. Why is anyone taking this group seriously?
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