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Here is the FSC's real play. They join with the AFA and FPA to pretend they care about advice to clients, however what they really want is the same carve out the union funds have to provide personal advice under the guise of general or intrafund advice. When they get this they can push advisers out. That's what they really want. The FSC is a truly despicable organisation who pretends to care about clients, but in reality it's all about getting short cuts to flog their product directly to clients without the worry of BID.