Peter Johnston, AIOFP executive director, said he wanted funding for the CSLR to act in the best interests of consumers by separating advice from product and called on the Government to fund it appropriately. “Both [advice and product] were forcibly intertwined in the early 1990’s when the banks established their vertically integrated models – code for in-house advisers selling in-house products – an unfortunate event for consumers and the industry in general,” Johnston said. “There is ample evidence that Commissioner Hayne, the Australian Labor Party and Coalition politicians wanted to commence the scheme from 1 January, 2008. “Please consider that a disproportionate ratio of funding allocated to advisers will be passed directly back to their clients – putting affordability of advice even further out of reach for consumers.