I am with you on this - I support independent professional planners being paid for services tendered for and being paid by the clients.I guess in the future there will be robo-financial advisors and the advent of this will impact of financial planners. Offshore robo-banking is delivering some competition to onshore banks and is expected to grow.ASIC seems to define what is permissible as Intra-Fund advice and some of the suggestions made here are in excess of the ASIC ruling. When a firm such as AMP hosts or supports public briefings about investment to users of its products, then does that activity count as Intra-Fund advice? In the long run its is AMP clients who pay for these briefings.
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