"The financial advice industry should see itself as being separate to the banking and financial services industry, particularly as the banks have done yet more damage to themselves by their wage theft."I tend to agree with this. But, with the FPA supporting "Intra Fund Advice" which is charging all to provide a service, yet it is only delivered to a few, Fee for No service is still alive and well, Additionally, "General Advice" is not "Adviser delivered in the "Best Interests of the Client". And "Advisers" being paid by a product provider as they clearly seem to be at Industry Super is not fixing any advise conflict issues - those are still alive and doing well.In my mind, the RC did little to cease these issue but instead perhaps galvanized these issues as best practice for product providers - a green light if you like for product providers to sell product directly.
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