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Poor retention rates can be turned around: AMP

Wednesday 29th of May 2013

She told the Institute of Financial Advisers in Auckland that it was estimated that 10% to 40% of new advisers stayed in the role long-term.

A US study had shown just 16% lasted four years or more.

The FMA would like to build up the number of AFAs in particular, to cater for the growing KiwiSaver advice need.

Cain said AMP had done a survey between 2007 and 2011, talking to...

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