Hedware, there are no other funds that operate like industry funds, that pay their planners from member fees, please correct me if I am wrong, and provide examples. AMP Et al for example, the clients need to pay directly for advice, and it is paid to the adviser from the client. AMP does not charge every member a membership fee and pay the planners from that. Clients pay a separate ASF. Advice is advice, be it simple or not, its still advice! Therefore everyone needs to play under the same rules, this carve out is just a joke. Surely you can see that.
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