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I actually don't have a problem with tied agents/employees giving limited scope advice on their own product only... as long as there is a reasonable level of training, disclosure, and consumer protection required for that advice.

At the moment insurance and super fund employees are giving product recommendation advice anyway, under the General Advice exemption applying to product company employees. There is very little training, disclosure or consumer protection, and it is utter fraud to claim it is "General Advice". Consequently much of it is very bad advice, which is causing great consumer harm.

Unfortunately ASIC chooses to focus its resources on persecuting licensed advisers, rather than enforcing these clear and widespread breaches of the law which are causing far greater consumer harm.