1. The Financial Services Industry
... 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 they are not ... Financial Security Authority(AFSA), Australi...
- Word Count: 1272
- Approx Pages: 5
- Has Bibliography
- Grade Level: Graduate