Financial advisers disappointed ScoMo missed their portfolio

Squizzy

17 August 2022

Squizzy is very disappointed that amongst all the portfolios former Prime Minister, Scott Morrison, decided to “shadow” during the term of the last Parliament he somehow missed financial services.

But, then again, ScoMo did have himself sworn into the Treasury portfolio and there exists no shortage of financial adviser readers of Financial Newswire who have made plain their belief that many of their problems were owed to the efforts of that other Treasurer, Josh Frydenberg.

Now, as Squizzy recalls, Josh and ScoMo were shacked-up together at The Lodge, in Canberra, throughout much of the COVID-19 lockdown so he finds it odd that the house mates did not compare notes on issues such as financial adviser education, the cost of advice and even the performance of the Minister for Superannuation, Financial Services and the Digital Economy, Senator Jane Hume.

Of course, under normal portfolio arrangements Hume was answerable to Frydenberg but it appears she might also have had cause to be answerable to ScoMo but Squizzy feels certain that the former minister knew who was calling the shots.

By her own admission, her portfolio was her “dream job” and who can forget her shoulder to shoulder with Josh on election day in Kooyong, “Team Liberal is still front up, still delivering, still making our case, still unintimidated”.

No mention of a third wheel then.