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Sally Lindsay
Sally Lindsay
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What landlords can tell tenants

Thursday 11th of November 2021

A new compliance monitoring programme to ensure property managers and agencies are acting in accordance with the Privacy Act has been launched by the Privacy Commissioner.

Through the programme, the commissioner will carry out regular checks of rental sector agencies, as well as an annual survey to audit application forms, contract forms, and privacy policies of letting agencies, property managers, and third-party service providers.

Included in the programme is an anonymous "tipline" for tenants and prospective tenants to dob-in landlords over concerns about the handling of their personal information.

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Doesn't this result call into question the criticism from certain quarters that Mortgage Advisers are driven predominantly by commission considerations?
3 hours ago The Laird
FMA wants clearer fees
@first time caller - I can see the complexity you highlight, but as above, investors should be able to see what they are paying without having to reference multiple documents. Investment admin can track and report deductions for tax, withdrawals, fees et al, would be /should be straightforward to aggregate advice fees into costs at member level... at least I hope so.
1 day ago Goldcard
FMA wants clearer fees
@goldcard - how would you propose that a fund manager calculates the TER to include adviser fees given not all clients pay them and different advisers charge different fees, not to mention some advisors charge different fees to different clients? The advice fee gets disclosed in the adviser's disclosure statement and the statement of advice, so the client can add that to the published TER of the fund they are invested in to see how much they are paying overall.
1 day ago First time caller
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5 days ago Market Commentator