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The Royal Commission did affect the banking and financial services industry because the banking and financial services industry shot itself in the foot, head and body well before the Royal Commission was forced into being. put it down to a combination of greed, stupidity, incompetence and more. Financial advisers cant run around saying that it was the fault of the Royal Commission and they were blameless. Man up.

I agree with you that the exam is too easy as demonstrated by 90%plus pass rate.

There are ethical financial advisors and their ethical standing is a very worthy stance for the financial planning industry which has a lot to recovery work to do to establish itself as a professionally competent and expert body of people.

But if the financial advisory employers cant find in within themselves the capacity to offer internships to people wanting to enter the industry, then they have not learnt anything.