I'm a career Financial Adviser of over 30 years. I have put up with an insane amount of tinkering with my profession over the years, designed to remove the crooks, stop the sales practices, save people from their own stupidity, and to build trust in what our profession does. I've taken myself back to school at vast cost to meet the new education standards, paid higher and higher PI premiums and regulator fees to compensate the public for wrong doings that were not of my making. The decision announced to allow banks and financial product manufacturers to provide financial advice, when what they do is sell products, is the icing on the cake. This is what happens when we don't study history. Strap yourselves in, we have some turbulence ahead.