1. The Financial Services Industry
... and interest rates in a written contract. The code also protects consumers if they get into difficulty with their credit. For example, if one loses their job 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 ... ongoing fees unknowingly for services they are not getting. Most importantly, FoFa also requires that a Financial adviser must act in the best interest of the client, even if it is in confli...
- Word Count: 1272
- Approx Pages: 5
- Has Bibliography
- Grade Level: Graduate