Financial advisers wary of different accountability in law reform

Thu, 14 Jul 2016

By Paul McBeth July 14 (BusinessDesk) - The Professional Advisers Association, whose 1,200 members work in the insurance, investment and mortgage industries, is wary of plans to make large firms offering financial advice accountable for the actions of their agents rather placing the onus on the agents themselves. Commerce Minister Paul Goldsmith this week announced proposals to reform legislation governing financial advisers in an effort to streamline the different types of advisers and advice, which had been confusing clients, and to re...

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