I am pretty agnostic to this whole fee versus commission.
However, it is clear that simply removing commissions for advisers is the placebo PR 'remedy'.
It will be utterly ineffective unless the insurance companies are also forced via legislation to comparatively reduce premiums. Why else would this even be worth pursuing, if not to make the clients are in a better position?
This will never happen. Thus the whole process and supposedly sought after outcome is yet another political exercise in futility.
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