I agree, but I suspect the future for selling product is for an organisation such as AMP is to go Industry Super style. Intra fund advice fees are tax deductable to the fund, they are charged to every member, they are charged forever, they are not disclosed, they are reliable and advice can be provided without best interest duty and any advice is all about selling a member more product, and Treasury and ASIC love it or have no idea. The FPA is out of its depth and hff as been for a very long time. Us Financial Planners have few friends - best to get a job selling Industry Super super doggy asset allocation and no obligation to deliver a service for a fee charged or become an Advice Coach I suspect.
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