Stephen Jones is either delusional OR he is again indulging in corporate dribble-speak. Our once-great industry, decimated by the likes of Jones, will have less than 10,000 advisers by 2026 and next to zero risk specialists remaining. How can it be anything other than that? Risk advisers have had commissions cut below sustainability and can have THAT pittance whipped straight back off them any time in the first 2 years of a policy's life, without notice. Investment planners are up against the politicians with onerous profit-sapping unnecessary compliance measures and an embolden super industry.

One of the commentators here opined that Jones "has no idea". While tempting to agree with that I think Jones knows exactly what he's doing - wiping out the remaining independent adviser force like the super funds and insurers want. Trouble is, the super funds will flourish but the insurers will wither and wilt on the vine. Client best interest never had a chance and is the LAST thing these politicians and big end of town consider.