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Thinking on DIMS turned upside down
Friday 22nd of November 2013
Under the new Financial Markets Conduct Act, which comes into force next year, advisers who offer class DIMS will need to be licensed.
Authorised financial advisers will be able to continue to offer personalised DIMS services under the Financial Advisers Act.
PAA board member and consultant Angus Dale-Jones said the fact that class advice was counted as higher risk than personalis...
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