I'm going to make a prediction. 2020 will see fewer advisers, nil free consultations, and a 20% increase in advice fees due to the costs of more compliance, more training, higher PI costs, higher ASIC costs, and anything else that comes out of the Banking RC. By 2025 we will have a federal budget problem due to increased aged pension costs, because people refused to pay the higher advice fees. I actually feel sorry for those who think they are doing "Mr average Australian" a favour.
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