News

Advisers complain of paperwork deluge

Tuesday 3rd of November 2015

Under Financial Markets Conduct Act requirements, DIMS clients will receive reports from their adviser, the DIMS license holder, such as the fund manager, and the custodian.

That could be up to eight reports for each client every year.

Fiona Judd, who has a class DIMS license, said her clients had received a lot more paperwork since the new DIMS structure came into effect.

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