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Definitely correct. But we need to be smart and follow how the union funds get around this with the killer disclaimer of "SPECIALISED GENERAL OR LIMITED PERSONAL ADVICE". Union fund costs for this? What costs, no branches, no annual reviews, all phone discussions, no rip off dealer fees and best of all no compliance hassles as the members just receive 'specialised general or limited personal advice'. No personal advice means just that, nothing is ever mentioned to you, oh and of course you still have to cop the ongoing percentage based and annual fee. Most union fund members are too dumb to even ring - they don't know what to ask anyway. Its hilarious what is going on in this backward country!