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"The model at the moment devalues advice and transfers the value to those who really don't deserve it."

This is what the product manufacturers want. As advisers, whether risk only, holistic or non-risk, we deserve to be paid by the client directly for the substantial value we add; the fee needs to value what we do appropriately, it should not be determined by a third party, particularly one that provides the product. This is how professionals work, they are not commission agents.
My previous comment is not denigrating the capability of those who currently receive commissions - I do - but we have to get past this or we will all be out of business and our clients will be worse off. How many reports, inquiries etc does it take for this to be understood?