Advisers told: Your voice will be heard
Institute of Financial Advisers chief executive Fred Dodds spoke at last week’s Financial Markets Law Conference, and outlined what he said were key concerns for advisers.
They included “the battle we didn’t win” – the delineation of sales versus advice, the question of what would be required as a competence standard for advisers under the new rules, how a level playing field would be created for all advisers, what disclosure requirements might be introduced, and the absence of adviser knowledge on the code working group.
There is only one AFA on the working group, Rebecca Vanderbom, head of financial advice delivery and service at Milford Asset Management.
“I can tell you that the various adviser bodies are not happy with that absence," Dodds said.
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