You can't stop the gravy train

A recent article in Money Management (Planner bonuses defy FOFA) highlights the difficulties the Future of Financial Advice (FOFA) reforms face in trying to reduce the conflicts of interests inherent in our financial planning industry. As has, and always will be, the way, a shift in the goal posts simply results in the kicker changing target. Our banks (and other large dealer groups) want their salesforce generating revenue and, one way or another, they will achieve it as best as possible within the regulatory framework they are presented with. That's the way the world works, particularly the gravy train that...

A recent article in Money Management (Planner bonuses defy FOFA) highlights the difficulties the Future of Financial Advice (FOFA) reforms face in trying to reduce the conflicts of interests inherent in our financial planning industry. As has, and always will be, the way, a shift in the goal posts simply results in the kicker changing target.

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