Agree with everything you've said Agent 86. The big problem for us is that the so called "random" surveillance won't be random at all, they'll target bank Advisers and we'll all pay for it. I still see SOA's from bank advisers where it's just a blatant product flog, roll your super to our in house product, index option so the fees are lower, replace all existing insurance even if it's on a level premium, with the in house insurer. They're a disgrace and the advice they're putting out is an embarrassment to the industry and the reason we're in this mess in the first place. It'd be great if they actually audited some of the smaller advice firms out there to give them an idea of the type of advice professional Advisers are producing, not professional sales people.
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