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FMA warns code changes must be adopted within months

Tuesday 15th of November 2016

The new version of the code comes into force on December 1.

One of the key changes made is that it has separated the existing code standard eight, covering suitability of advice, into two standards.

This is designed to address concerns that the existing rules were making it too difficult for advisers to offer anything less than a full financial plan for clients.

It also upd...

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