This paper reviews the impact of increasing state regulation of financial advice and its effect in requiring much higher levels of competence and probity, so stimulating professionalisation, though in doing so, pre-empting the traditional role of established professional bodies in securing competence and probity. Is it still possible at the end of the twentieth century for new professions to emerge? If so, is a new model of the professions in prospect?
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A 2000 study studied this question.
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