Royal Commission reveals need for tougher corporate cop

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Imagine this … An elderly couple returns home from holiday to discover their front door lock broken and $2000 in cash stolen from a biscuit tin in their kitchen.

  • Jessica Irvine
  • Brisbane Times

The couple immediately ring the police, who inform them of a spate of similar robberies in the area. But the police have tracked down the perpetrator, who is in custody facing charges that carry a jail term of at least five years.

Bank theft 1aaa Illustration by Jim PavlidesThe elderly couple are promptly reunited with their cash.

Now, try this … The same elderly couple visits a financial adviser, who helps them to invest their retirement savings, deducting $2000 in fees each…

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