Adviser-client relationships not swayed by RC

This is great news, and it reflects what I am hearing from my own clients. However I do need to say this, to say "the challenge for us as an industry is to make financial advice more affordable and accessible to the people who need it." is a goal that cannot be achievable in the current cost structure of compliance, AFCA and Professional Indemnity insurance. these are the overheads that as an industry we cannot control, but the cost is huge and it must be paid by each client, which then makes the cost of advice restrictive to the people who need the most. ie a risk only client now must pay an upfront fee, because the commissions will not cover the upfront time & overheads to give and produce advice. This is the one of the implications of what has been happening across the board for years.
I have been giving advice for 37 years now and still have 10 years before I retire. I stay with the hope that things will improve.