Short answer is NO, we won't be able to "re-stock" Australia with financial planners OR risk specialists. These are two distinct professions. The reason I am so sure is because, after 36 years as a risk specialist I got to know how politicians think. They are interested in nothing that doesn't assure their jobs and/or re-election. They will not stop assaulting our profession with compliance, negative soundbites or over-zealous regulation designed to push advisers OUT and make it easier for their benefactors such as industry super and other special interest groups. We all know that once politicians have a certain 'power' it usually takes an Act Of God to remove it from them. Well, that is the case with our profession. They won't peel back regulation, costs or compliance now. Risk advisers can't practically charge fees and so need much more than a 60/20 commission rate. No new risk advisers will join and/or thrive unless this is enacted AND compliance/red tape decreased. ASIC fees increasing each year WAY above any inflation excuse is but another example. No, risk specialists are mostly extinct and if not certainly will be by 2026 and so goes the story of investment advisers/FPs too. Life companies will then be marketing direct as their only real sales possibility so good luck to them with that. Of course, the client is the great loser at the end of it all.