Getting value for money from financial advice
ANALYSIS: The first of a four-part series on how the UK and NZ differ in their regulatory approaches.
The FMA says it is considering looking into whether financial advisers provide good value for money.
The UK equivalent of the Financial Markets Authority (FMA), the Financial Conduct Authority (FCA), has in the past couple of years embarked on an initiative to ensure consumers of financial services achieve good outcomes. The new regime is called ‘consumer duty’ and, according to the FCA: “It
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