I always suspected FASEA could destroy us with the Code of Conduct. This document is completely nuts. From my reading, it appears FASEA has effectively banned self-employed financial planners outright. There is no way we can operate without our income being directly tied to the 'amount or volume' of products we recommend. Even if you charge a flat fee, it will still be linked to product advice and the more clients on your books, the higher your wage/bonus/dividends from your business. Can someone please tell me I am wrong, and if so please quote directly from the document. No ill-informed nonsense. Read the thing and tell me I am wrong, please...someone....
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