I agree with FAAA and Sarah Abood's comments The FAAA painted a worrying picture, saying it could wind the clock back five years.

“There is little detail available at this stage, but on the face of it we are deeply concerned at the direction of these announcements,” said Sarah Abood, chief executive of the FAAA.

Abood believes the reforms appear to invalidate the hard work and pain involved in forming the advice profession and winning consumers’ trust.

How can we be taken seriously as a profession if we continue to move the goal posts and undo all the hard work to get to this point. As a CFP and CPA I have undertaken a significant amount of study to be qualified to provide appropriate advice and feel these changes make a mockery of all the study and hard work I have endured!
We need to lift the status of our profession and feel the proposed changes do not do that!
Extremely disappointed with Jones and hope our professional bodies continue to fight for a highly regarded profession.