An interesting view on the whole thing Claire, but I doubt any government would be so stupid as to instantly destroy the whole life insurance advice industry by having no commissions at all. What a mess it would create when all the financial planners that currently provide risk advice just stopped, because it is not financially viable.I'm wondering if the specialty in Financial Services Law is in suing financial planners, not in having a good understanding of the public's buying habits. I don't think that comparing the change from upfront investment commissions to fee for service is valid, as people want investments as it will make them money. They don't want insurance, as it is hopefully a waste of money.
Oh well; it has given her legal firm plenty of publicity.
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