1. The Financial Services Industry
... or are sick, they can ask to have their contract changed so that they can better meet their repayments. In 2012, the Future of Financial Advice package Legislation was passed by the federal government , which provides greater protection for investors by tightening up on the: duties and commission payments of financial planners and types of products they are allowed to recommend to customers. FoFa requires financial ... advisers to send a renewable notice to their customers every two years. This reduces the risk of clients paying ongoing fees unknowingly for services ... ...
- Word Count: 1272
- Approx Pages: 5
- Has Bibliography
- Grade Level: Graduate