Conflict of interest risk remains, inaugural FMA financial adviser survey finds

Thu, 23 Apr 2015

By Jonathan Underhill April 23 (BusinessDesk) - The Financial Markets Authority's inaugural survey of authorised financial advisers show there's still scope for conflicts of interest, with some advisers aligned to a single product provider or getting paid volume bonuses. The survey, covering the June 30, 2014, year is mandatory for AFAs, a 1,900-member subset of a New Zealand industry that employs more than 20,000 advisers, most of whom don't have to register individually because they are linked to a qualifying financial entity such as a...

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