Regulation

RFA requirements 'inadequate'

Tuesday 23rd of September 2014

Legal expert David Ireland said he thought the extent of disclosure regulations for RFAs was inadequate, compared to the obligations of AFAs.

“They need to say ‘this is my name and this is how you can complain about me’, the present form of disclosure requires them to say the sort of advice they’re able to give but there’s no prescribed obligation regarding the disclosure of fees.”

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