News

Adviser fee levels unfair

Thursday 20th of June 2013

New PAA chairman Bruce Cortesi said he was concerned that advisers were funding the industry but then being asked to do the bulk of the education work, as well.

He said advisers were chipping in a lot, whether that was through levies to the FMA, dispute resolution provider fees or by selling products.

“Yet the industry relies heavily upon these financial advisers to educate the pu...

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