Hayne's concerns on financial advice conflicts of interest are important but shouldn't lead to blanket judgements. Many advisers, despite receiving product maker compensation, balance client obligations effectively. Moreover, with accessible financial information today, clients can make more informed decisions than acknowledged by Hayne.

While regulation is key for industry trust, over-regulation risks dampening innovation, restricting competition and potentially raising consumer costs.

Hayne's commercial standards, though noble, may be unrealistic. 'Best interests' can be subjective and context-specific.

In essence, we must recognise the sector's complexity. We need nuanced understanding and balanced strategies for progress, not a 'one-size-fits-all' approach.