No room for the captain in a commercial practice

In the wake of the global financial crisis there is plenty of poor financial planning advice and industry calamity to write about, but Stuart Washington betrays a Captain Peacock era understanding of modern corporate commerciality ("Are you being served?", July 18-19).

Financial planners paid 230% bonuses at peak of boom

AT THE height of the boom, executive financial planners within Westpac were told they could earn commissions of $350,000 on top of their base salary of $150,000 - or a 233 per cent bonus - from selling investment products.