Urgent need to sort out adviser regulation: Crossan
Retirement Commissioner Diana has made it clear that she wants to see a self-regulatory regime that covers all advisers in New Zealand implemented urgently.
Thursday, April 8th 2004, 12:10AM
by The Landlord
"From my perspective the key challenge for the industry should be addressing the vexed issue of financial adviser regulation."
She ackbnowledged that the current disclosure based regime for advisers has a number of weaknesses
"I remain concerned that anyone can establish themselves as a financial adviser, that there are no industry-wide codes of conduct, disciplinary procedures and standards for advice, that advisers cannot be easily excluded from the industry and that there are no dispute resolution procedures for advisers outside the court system.
Read More - Opens in a new window
| « Rising petrol prices not good for property | Aviary turned into bedrooms » |
Special Offers
Commenting is closed
|
|
Printable version |
|
Email to a friend |
