Regulator makes 12 recommendations to advisers

Deirdre Keown | financialalert | 28 August 2013

In a report that will no doubt be read closely by the Financial Markets Authority - and therefore should get the attention of New Zealand advisers - the Australian Securities and Investments Commission (ASIC) has made 12 recommendations for financial advisers.

"Review of financial advice industry practice: Phase 2" is based on detailed survey responses from the 21st to 50th largest financial advisory groups ('licensees') in Australia. It follows a September ...