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IFA rails against regulatory levies
Thursday 19th of August 2010
Parliament approved financial services regulations which lock in the fees advisers and qualifying financial entities will have to pay to be licensed.
An adviser will have to pay $1,120 for the initial authorisation, then $560 in ongoing annual fees. That's down the $1,385 flagged by the Ministry of Economic Development, though the ongoing fee is higher than the $410 of the first estimate...
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