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Submitted by An Old Timer on Thu, 01/31/2019 - 14:07

Boy oh Boy !! I think it is now time to STOP the 'Mud Slinging' from both sides (and I have worked on both sides) and get on with things. The Royal Commission has unearthed many things which are legacies of an industry which has come a long way in a relatively short period of time. Yes, there are things that need to be fixed and I am sure that they will be dealt with appropriately. But what is being missed in all of this is that there are many, many Planners out there (my guess around 85-90%) who have been doing the right thing and whose clients are happy and have benefited from their dealings with them. I'm not sure how the Planning industry will look in the future but I do expect that it will be drastically different to what it is now as a direct result of the Royal and Productivity Commission findings. The equation should be no more complicated than the 6 Step process to Financial Planning conducted professionally, ethically, with empathy (when needed) and for a (transparent) fee which is agreed between the parties and paid by whichever means they determine. If everyone can get a grip of this then after the initial turbulence created by the release of the Royal Commission recommendations I am sure everyone (including the consumers) will be better off. How about it ?

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