This is a contradiction in terms. It goes well beyond the normal attention span. Consumers in general do not benefit from this convoluted process. Seven years of industry experience teaches that they seldom choose to read lengthy documentation. Seven years of industry experience confirms that even those who would persevere in reading documentation frequently do not understand much of it.
Consumers largely depend upon the integrity and competence of their adviser.
Financial Services Regulation has virtually created its own autonomy and has become a self-serving industry in its own right. This could be achieved for the betterment of our industry, whilst underpinning essential consumer protection, with the application of accountability throughout all levels of the industry. The current situation, for many otherwise ethical and competent Independent Practitioners, is such that unrealistic and self-serving demands associated with the current imposition of the regulatory process, in its present form, are in effect threatening to become the very antithesis of consumer protection. Time is always of the essence to an Independent Practitioner. There is much to do and not enough time to do it.