Coalition's FoFA reforms may lead to 'bad old days' INDUSTRY superannuation funds want the federal government to complete a comprehensive consumer-benefit analysis of rolling back elements of the Future of Financial Advice reforms, warning of a return to the "bad old days" of conflicted pay for planners. Industry Super Australia chief executive David Whiteley said the government's proposed amendments to FoFA would raise ongoing costs of advice to consumers and remove protections to ensure that advice given was always in their best interests.