1 – very few financial advisors are fiduciaries and are required to put the client’s interest first. Laws are usually based on ‘suitability’ which is much more liberal, and shouldn’t be misrepresented as putting the client’s interest first.
2 – “i know what exams IFA’s have to do and how regulated it is” – you’re not in the UK anymore.
Speaking of the UK, the FSA banned commission for financial advisors starting in 2012. Why do you think the UK would want to do something like that?