It’s okay to be in financial services

19 October 2018
| By Outsider |
image
image
expand image

Outsider has no problem acknowledging “bank-bashing” as one of the great Aussie past times.

In fact, he rates it up there as one of the best, right up there alongside sinking tinnies, waving a plastic flag at visiting Royal dignitaries, bowling at Kiwis using non-conventional under-arm techniques, and feeding next month’s mortgage payments into the Queen of the Nile machine at the local RSL.

But it’s fair to say he is less than pleased with the recent worsening in attitudes he has witnessed towards those working in the financial services industry, which has seemed to coincide with the recent revelations out of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry.

Indeed, Outsider believes there could be troubling trend towards outright “anti-financial-services-ism” on the rise in this here land girt by sea.

Therefore, in a similar yet completely unrelated vein to what a colourful Queensland senator proposed last week, Outsider reckons that any of those blokes and sheilas in Federal Parliament who have any ounce of courage left should stand up and propose a motion that in Australia “it’s okay to be in financial services …”

… At least until the next round of hearings, when the piercing gaze of “Rowena Shock and Orr” will again have those in the dock inadvertently admitting to having been on the grassy knoll in Dallas back in ‘63.

Read more about:

AUTHOR

 

Recommended for you

 

MARKET INSIGHTS

sub-bg sidebar subscription

Never miss the latest news and developments in wealth management industry

Ralph

How did the licensee not check this - they should be held to task over it. Obviously they are not making sure their sta...

1 day 6 hours ago
JOHN GILLIES

Faking exams and falsifying results..... Too stupid to comment on JG...

1 day 7 hours ago
PETER JOHNSTON- AIOFP

Must agree to disagree with you on this one Keith, with the Banks/Institutions largely out of advice now is the time to ...

1 day 7 hours ago

AustralianSuper and Australian Retirement Trust have posted the financial results for the 2022–23 financial year for their combined 5.3 million members....

9 months 3 weeks ago

A $34 billion fund has come out on top with a 13.3 per cent return in the last 12 months, beating out mega funds like Australian Retirement Trust and Aware Super. ...

9 months 1 week ago

The verdict in the class action case against AMP Financial Planning has been delivered in the Federal Court by Justice Moshinsky....

9 months 3 weeks ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND