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No need for fewer resolution services: FSCL

Thursday 4th of April 2013

All financial service providers must be registered with a disputes resolution scheme.

Government-owned Financial Disputes Resolution (FDR) charges financial advisers $700 a year to be a member of the scheme, but also received a subsidy of almost $1 million from the Government last year. It had forecast the need to spend $1.694 million for the year.

The Government has previously hi...

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