The financial adviser industry is set for reform ... but we have serious concerns about the latest developments.
In November 2009, our mystery shop of financial advisers found the the standard of advice to be scandalously poor. New regulations are being developed - but we question who is in charge and whether consumers will benefit.
Highlights of this report
Industry reform
Law changes were passed in 2008 but regulations are required to implement them. Read more
"Authorised" advisers
We don't believe consumers will find it any easier to identify independent advisers. Read more
Disclosure and commissions
Disclosure inches forward, but commissions aren't proposed to be banned. Read more
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