Regulation

Number of AFAs nearly doubles

Friday 24th of June 2011

The Financial Markets Authority says the big jump in the number of AFAs is because some of the financial service providers with lots of associated AFAs have asked it to process them ‘in bulk' at the last minute.

It says that it has just under 2000 applications and currently it is still receiving 10 to 15 new applications a week.

Some of these are from Christchurch advisers who hav...

Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.