Setting aside from what other issues raised here, Advisers are being setup for a fall, on the one hand if we don’t advise on what they NEED and a subsequent claim results in a payout which is insufficient for a client’s circumstances the Adviser gets sued OR now on the other hand, if we advise based on a client’s Need and let the client decide if they wish to spend the cost of the premium to protect their financial position, we can be banned by ASIC for eroding the client super balance!
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