Good one Michelle. Remove the only guidepost an advisor might have and protection a consumer does have and replace it with some kind of vague record keeping moving forward. All you needed to do in this instance was perhaps follow the UK model and have a more streamlined advice document which removed the repetitive nature of disclosure etc. If advisors think they'll have a get out of free jail card by not having to do some form of advice document, then they are kidding themselves. In fact, the ones that don't do a form of advice document will probably find it near impossible to apply for any kind of Professional Indemnity cover.