Spotlight on disputes and PI Cover

David Maida | financialalert | 04 July 2013


This week, the FMA announced that three advisers are being brought before the Financial Advisers Disciplinary Committee (FADC), while others are starting to be brought before dispute resolution services facing complaints about their activities. We asked what happens with disputes, and what Professional Indemnity (PI) insurance cover is appropriate.

"We have made four referrals to the FADC and, so far, the Committee has determined that a hearing is necessary in three of those cases...

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