This article is written from a financial adviser's point of view. I'll write a similar article from a consumer's point of view.

I’ve read the Panel’s recommendation many times and my conclusion is that the recommendations will do more harm than good to the industry but consumers will be at the advantage. The reason is because of the Panel’s indecisiveness in its recommendations resulting in a slow & painful death to the industry instead of the alternative of fast & electrifying death but with fast resurrection. I speculate that most of the indecisiveness is due to the industry’s lobby. Initially, FAIR was decisive. It wanted to ban commissions and it wanted to help consumers. It knew the end goal. Now, the FAIR Panel’s decision is neither here nor there. Here are my personal opinions below. Anyone who disagrees with me can write to me directly. I give you the right ...