Why is anyone surprised. This is how the capitalist system works.
If you want managers,executives etc to act a certain way to generate profit just put a big pot of money up and you will get the behavior you would expect.
Where are the comment's about people taking some personal responsibility for your own finances. Until people learn something about finance they will continually be ripped off.
As to all the carry on about charging dead people fees I have to ask "how do you get paid". If a spouse or executor is stupid enough to pays fees on behalf of a dead person then they deserve to be ripped off.
And what will happen next.
Well the govt will bring in more education and restrictions on financial planner such that the small, honest planners will be forced out of business by the extra costs and the institutions will get an even bigger monopoly.
In the end the only winners will be the institutions.
The public will continue to be ripped off because they are gullible
