Interesting story while waiting for news;
http://www.brisbanetimes.com.au/bus...old-on-advice-challenged-20160417-go8a9c.html
"This does not mean the professional body will suddenly unleash its 150,000 members in a full frontal assault on the oligopoly of the banks. It does mean, however, that, over time, its members will enter the market, delivering independent advice, as opposed to the bank practice of flogging in-house financial products and stinging customers with hidden fees.
CPA chief Alex Malley confirmed yesterday the Australian Securities & Investments Commission (ASIC) has granted an Australian Financial Services (AFS) licence and an Australian Credit Licence (ACL) to its wholly-owned subsidiary, CPA Australia Advice Pty Ltd."
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