If Treasurer Josh Frydenberg wants to set himself a challenge this year, he should have a crack at setting up a new framework for the country's financial planning industry – one in which consumers can access affordable, quality advice, and industry players can earn a satisfactory return.

All through summer we've seen a steady stream of reports of financial planners being barred from the industry through the summer months. But that shouldn't make us complacent that misconduct in the financial advice industry is anywhere close to being eradicated.