Unfortunately I haven’t had the benefit of following the day to day discussions at the rc, mainly just picking up what Fairfax decide to tell me.
Given the inordinate amount of money being spent on the RC, we can be fairly assured there will be recommendations.
On a probability level, what chance do you (or others) ascribe to a meaningful change in legislation which would have a significant effect on IOOFs business model such as abolishment of vertical integration, and the need to separate advice and platform.
Can you see more likely ‘targets’ for the rc recommendations, that will ‘justify’ Haynes time and our money?
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