The disappointing aspect of the government's approach to regulation in the financial services arena, is that they are perpetually looking in the rear-view mirror and 'fixing' what they perceive to be wrong: the dog is chasing it's tail.

What is needed is a 'clean sheet' approach involving collaboration between the legislators, regulators, providers, advisers and clients to design a 'system' to meet a community need.

Coincidentally, many of the necessary elements are in place; regrettably, their implementation has been haphazard, onerous, costly and poorly communicated.

Our practice - and the team comprising it - cope with the change by keeping the one focus that has always been the purpose of our existence, on our clients, their best interests and to do so as 'professionally' as possible, ethically, transparently and as well communicatred as we can.

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