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Press Release – Frank Risk Management Ready or not. The financial services industry will have to be a lot more accountable under the Financial Services Legislation Amendment Act’s new disclosure requirements, coming into effect mid-March. The subject of fees, commission, and transparency have …
Ready or not. The financial services industry will have to be a lot more accountable under the Financial Services Legislation Amendment Act’s new disclosure requirements, coming into effect mid-March.
The subject of fees, commission, and transparency have been hotly debated among financial advisers in the past, but the industry has tended to favour a more self-regulated approach. The new regime is imposing minimum income disclosure requirements, which may leave some customers wondering what they have been paying for?