Why Australians are turning their backs on the banks

Institutions that fail to deliver on their promises -- either in politics or in the financial sector -- are being shown the door by fed-up Australians.

Power to the people. We are seeing both in politics and in banking investment what happens when large parties or corporate institutions don’t deliver.

Australians have turned their backs on the big superannuation fund managers and are now turning their backs on bank deposits. The implications are enormous, given what the Murray report is about to do.


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