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Last week I wrote about planning and that did not have to do with financial planning. When I was a university student *as a teenager) there was no such profession as financial planning, although most of the financial or investment advisors in those days were life insurance salesmen.

The profession of financial planning has almost achieved universal recognition but unlike the “real” professions of medicine and law there is dramatically more government regulation within this more recently christened profession. Professionalism basically involves an internal code of conduct.

I played rugby (union of course) in my youth and the difference between our code and the one that Dally Messenger started was, apart from the13/15 divide, we “amateurs” played for love and those other blokes played for money.

One cannot give financial advice without being licensed and there quite a few hoops to jump through to get that licence.