Register For Our Mailing List

Register to receive our free weekly newsletter including editorials.

Home / 170

Bank royal commission survey initial results

Last week’s article, ‘10 reasons not to hold a bank royal commission’, drew many heated comments for both sides of the debate, in the comments section and in the results of the survey.

The original article showed the strong public support for a bank royal commission, with 64% in the support camp and only 13% opposing.

The Cuffelinks survey generally produced the opposite results, as shown in the table below:

The support camp was 25.6% while the oppose side was a healthy 73.2%. Even more impressive was the strong oppose score of 47.6%, nearly half of all respondents (although it is acknowledged that response numbers were down on our usual survey participation levels).

We will leave the survey open for a few more days to encourage more responses, and then open up the full survey results and comments before next week’s edition.

Please take our survey on whether a royal commission into banking and financial services is required [now closed].

 

  •   25 August 2016
  • 3
  •      
  •   
3 Comments
Keith Hart
August 26, 2016

How many readers of this post are connected in some way to the banks? Wouldn't that potentially skew your data?

Graham Hand
August 26, 2016

Hi Keith, every poll has its sampling shortcomings, especially where respondents are 'opt in' and not selected at random. We have a wide range of readers but with a bias to professionals. So the poll is offered for what it is - a survey of our readers, who are obviously far more engaged with markets and investing than the general public. Some argue polls in the SMH have a left wing bias and polls in The Australian have a right wing bias. Yes, the response is probably skewed. Cheers

SMSF Trustee
August 26, 2016

Keith, I expect that many of the Cuffelinks readers may well be connected to banks, if they are financial planners who work for bank-aligned agencies. But how does that necessarily skew the results? I am assuming that your belief is that these folk will oppose a RC.

However, there are plenty of planners who would much rather not be aligned with banks and thus who might see a RC as a way of getting the banks to sell off their advisory businesses.

There are also plenty who aren't bank-aligned, but use bank fund manager products who are very happy with their service and the results delivered to their clients, who thus might not favour an inquiry into the banks.

You just can't presume how people think about this and I believe we should just take the survey results as they come.

 

Leave a Comment:

banner

Most viewed in recent weeks

Australia's retirement system works brilliantly for some - but not all

The superannuation system has succeeded brilliantly at what it was designed to do: accumulate wealth during working lives. The next challenge is meeting members’ diverse needs in retirement. 

Australian stocks will crush housing over the next decade, 2025 edition

Two years ago, I wrote an article suggesting that the odds favoured ASX shares easily outperforming residential property over the next decade. Here’s an update on where things stand today.

The 3 biggest residential property myths

I am a professional real estate investor who hears a lot of opinions rather than facts from so-called experts on the topic of property. Here are the largest myths when it comes to Australia’s biggest asset class.

AFIC on the speculative ASX boom, opportunities, and LIC discounts

In an interview with Firstlinks, CEO Mark Freeman discusses how speculative ASX stocks have crushed blue chips this year, companies he likes now, and why he’s confident AFIC’s NTA discount will close.

Where to hide in the ‘everything bubble’

It might not be quite an ‘everything bubble’ but there’s froth in many assets, not just US stocks, right now. It might be time to stress test your portfolio and consider assets that could offer you shelter if trouble is coming.

Property versus shares - a practical guide for investors

I’ve been comparing property and shares for decades and while both have their place, the differences are stark. When tax, costs, and liquidity are weighed, property looks less compelling than its reputation suggests.

Latest Updates

Economy

Get set for a bumpy 2026

At this time last year, I forecast that 2025 would likely be a positive year given strong economic prospects and disinflation. The outlook for this year is less clear cut and here is what investors should do.

Investment strategies

History says US market outperformance versus Australia will turn

Much has been made of how US markets, especially the NASDAQ, have significantly outperformed the ASX over the past two decades. History suggests the pendulum will swing back once again in Australia's favour.

Investment strategies

Announcing the X-Factor for 2025

What is the X-Factor - the largely unexpected influence that wasn’t thought about when the year began but came from left field to have powerful effects on investment returns - for 2025? It's time to select the winner.

Economy

The illusion of progress

What is progress? Is it GDP growth? Increasing wealth? New and improving technology? This argues that our measure of progress has become warped, and we're heading backwards rather than forwards.

Strategy

Our favourite summer reads

Summer is a great time to catch up on a good book. Here is a list of books on leadership, investing, and well-being for those looking to learn, reflect, and gain inspiration over the holiday season.

Sponsors

Alliances

© 2026 Morningstar, Inc. All rights reserved.

Disclaimer
The data, research and opinions provided here are for information purposes; are not an offer to buy or sell a security; and are not warranted to be correct, complete or accurate. Morningstar, its affiliates, and third-party content providers are not responsible for any investment decisions, damages or losses resulting from, or related to, the data and analyses or their use. To the extent any content is general advice, it has been prepared for clients of Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892), without reference to your financial objectives, situation or needs. For more information refer to our Financial Services Guide. You should consider the advice in light of these matters and if applicable, the relevant Product Disclosure Statement before making any decision to invest. Past performance does not necessarily indicate a financial product’s future performance. To obtain advice tailored to your situation, contact a professional financial adviser. Articles are current as at date of publication.
This website contains information and opinions provided by third parties. Inclusion of this information does not necessarily represent Morningstar’s positions, strategies or opinions and should not be considered an endorsement by Morningstar.