asic chairman interview on four corners, page-7

well the most likely thing for small investors will be more
index based funds mixed or solo and trading on exchanges,it doesnt have to be investor only,plenty of people already trade index and lic,i like lic trades less volatile and often mispriced given their general discount to nta,the big plus being it is hard to lose money in the current market on lic,its just amazing they are not trading at a premium