Nothing but tinkering and fluffing around the edges by incompetents. The damage has, sadly, already been done - to adviser stress levels, families and businesses. Far too many good and ethical experienced investment advisers, financial planners and specialist risk advisers have been driven from the industry they loved by these self absorbed fools and opportunists. Committed and passionate advisers who would have stayed for a decade more at least and continued to look after their loyal clients.

Now these clients will be exposed to the tyranny of industry super fund 'advisers' and direct salespeople of life companies. They won't have their trusted advisers to look out for their best interests in this deplorable and dangerous industry-advice based new world. The so-called new "qualified advisers" with 2 weeks 'training'.

These exam changes will change very little if anything. It makes me sick. They should be abjectly ashamed, not to mention SACKED. Exam changes? . . . inconsequential, FAR too little, FAR too late from politicians wholly unqualified in their roles and incapable of simply doing their jobs properly.

Just think, we pay their wages for this low level of 'performance' and give them golden handshakes/massive lifetime super payouts when they finish doing all their damage. What an absolute racket and rort on the Aussie taxpaying mug.