This article makes my blood boil because Lawyers who charge minimum $750 per hour make judgements on another profession for which they don't fully understand the time and cost involved of delivering advice. Firstly, from the coalface I can confirm that 99% of my clients WILL NOT pay fee for service for risk advice at a level that is commercially viable. Insurance is a "Grudge Purchase" which people don't do willingly. We already disclose what we get paid right down to a "Financial Colonoscopy" level.....how much deeper can we go with disclosures. Commission levels now set in concrete at 60/20 are barely commercially viable as it is, so take that away and you'll likely see 98% of the remaining advisers who still do provide risk advice, leave the risk insurance advice space entirely and then watch the insurance companies panic when their whole sales force shuts up shop....all because a Lawyer said so. Please get it into your thick head....all insurers pay the same commission so there is no conflict. Actuarial mathematics and clients personal preferences determine what levels of insurance cover clients need. PLUS....we are all bound by a BEST INTEREST DUTY and risk being castigated and barred from the industry if we dare do anything wrong. It's time to show some respect to our Financial Planning professionals.