So the FSC are looking for a carveout, so they can flog their own products via call centres. Really, what is the point of Best interests duty, FASEA code of ethics, and other reform when they (FSC) just want to bypass everything for themselves. There is a distribution force of 20,000 qualified advisers who can do this, and adhere all the regulations if they provided some incentive (commission) and made some common sense compliance rules to make the delivery of advice more efficient.
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