News

Spicers' restraint of trade draconian

Thursday 10th of April 2014

Hawkes Bay adviser Les Cunningham left AMP-owned Spicers in September last year, after 30 years in the financial advice sector.

His contract as an independent contractor, believed to be standard among many advisers, included two key restraint of trade clauses – a six-month “no dealing” clause that prevents an adviser offering any services to Spicers clients after cutting ties with the fi...

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