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Beeld recently published an article on the Outsurance advert which offers clients all their premiums back after 15 years. It certainly makes interesting reading, and raises a few points which I am sure the general public, and particularly those clever DIY
In response to our article of 25 June regarding the CoreData Research survey on Fees for Service, ASISA commented as follows:
When does Treating Customers Fairly (TCF) become a reality? In the original planning, January 2014 was indicated as the planned date for implementing legislative changes envisaged in the regulatory framework.
Due to new laws, the Australian Financial Advisory Industry is in a severe state of turmoil. Known as FOFA (Future of Financial Advice), this legislation was passed by the Australian parliament in March 2012.
The strongest deterrent against FSP compliance missteps is or should be: