Banks can expect to share in a fee flow of more than A$3 billion from financial planning over the next 12 years, if research by Rice Warner is on the money.The research, commissioned by Industry Super Australia, estimates consumers may face extra costs of up to $531 million a year if the banking industry succeeds in its campaign to water down the Future of Financial Advice reforms that became law last year.Success seems likely. Business Spectator commentator Alan Kohler reported yesterday that the Federal Government "will soon 'unpause' its disembowelling of the Future of Financial Advice legislation, and the word from the industry is that there will be virtually no change."Government staffers are advising that the client opt-in requirement will be binned, as planned; sales commissions will be reintroduced for general advice; the general requirement to act in the best interests of clients will be ditched and advisers will be allowed to limit the scope of their advice by agreement with clients, allowing them to only advise on (ie sell) their employers' products."David Whiteley, chief executive of Industry Super Australia, said in a media release that "the multi-billion dollar impact explains the relentless lobbying by the banks and financial planners to reduce consumer protections.""The report debunks any claims the banks and financial planners that cutting consumer protections will reduce the cost of advice. The reality is that cutting consumer protections just increases commissions and fees paid to financial planners to sell bank products."It would seem that the banks' objective is to be able to sell compulsory super and other products through financial planners and other staff, rather than provide Australians with impartial financial advice."Rice Warner estimated that the big banks' proposal to extend FOFA grandfathering of commissions and other incentives paid to financial planners will cost savers an extra $2.8 billion over the next 14 years.Grandfathering provisions will cost consumers and investors $6.1 billion, Rice Warner said.