Imagine that the body that regulates medical doctors (or any other profession) went to the doctors and said something like this to them: “We are terribly sorry but (due to a whole lot of reasons) we have let a whole lot of people who have not been suitably qualified as doctors, practice as doctors. And now as a result of this we need all of you to write (more) exams so that we can try to ensure at least some minimum kind of compliance.”
Unthinkable in just about any professional arena – the regulating body would be hung out to dry!
Not so in the Financial Services profession…exactly because of the above we now all need to write exams before the end of the year. So if your financial planner is grumpy (and I know I am) you now know why!