Banking Royal Commission 2018
Post the Global Financial Crisis and out of the cries from appalling client experiences, a small group of client focused advisers and in the later days powerful vested interest groups, they took their fight to the political parties demanding changes by the large institutions and their behaviors within their financial planning divisions and investment products. The result? A major win for their cause and "keeping the bastards honest". Many changes and new regulation have already been adopted by the large institutions and throughout the wider financial advice industry however, we should all anticipate more changes to come. So as we enter 2018 and look forward to the Royal Commission into Banking and Financial Services ahead of us and their interim report due by the end of September 2018, lets take pause to see how far the industry and regulation of the Financial Service s Industry has already come. Opt in" agreements every second year. If you are paying ong...