It sounds like FASEA needs a CEO who understands that this legislation will lead to a significant loss of the most experienced advisers. These advisers are the people who really understand market cycles, having remained loyal to their clients through massive market falls and more than one global financial crisis. They are mentors to the younger advisers in their practice and no amount of exams on ethics can take the place of hard earned experience. I'm glad that at least Amanda Stoker has enough foresight and intelligence to ask these questions. No amount of degrees can replace 30 years of experience. Surely, these advisers deserve respect and far more recognition for the years of service to their clients and the hugely valuable mentoring they can provide to younger advisers. Well done Amanda!

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