Three public meetings on new Code planned
Code Committee chairman Ross Butler says the sessions will be relatively informal and will run for around 90 minutes.
"We are not seeking to relitigate issues previously raised; instead, we want to ensure that we have fairly addressed all substantive issues in light of the revised scope of the financial advisers regime."
The Institute of Financial Advisers (IFA) president Nigel Tate says the Institute welcomes the release of the latest draft Code which has granted some relief for Certified Financial Planner and Chartered Life Underwriters who now automatically qualify as meeting several of the mandatory standards required to achieve Authorised Financial Adviser (AFA) status.
"We are very pleased the Code Committee has taken on board our recommendations. It signals recognition by the committee that CFP and CLU, and its associated mentoring and continuing professional development requirements meet high industry standards."
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