I get the feeling the litigation funders are going to have a...

I get the feeling the litigation funders are going to have a field day here, they will get 100% buy in from the adviser force.

Goodwill may have been written down to zero as some have claimed however what is going on here is biting the hand that feeds. They built, incentivised and rewarded the system and processes their tied advisers used and underwrote their valuations - and they want to have no part of it ??? How do you think this will play out. The village could be torched and no loyalty will be shown now. We have already witnessed some scary redemption and new flow numbers impacting the so-called sacred AMP client base (as they say some brown and sticky stuff is sticky - in the real world that is).

Then again what would I know - I called a bottom at 1.70 5-6 months ago and we now see it under that.