Another blow has been struck on behalf of investors who lost their savings over the last two or so years thanks to the bum advice of financial advisers.
It won’t recover their lost savings, but it will give them the satisfaction (a scant one, maybe) of knowing future investors will be better protected.
The Securities Commission yesterday announced the beginning of consultation on skills required for financial advisers.
All people interested in the competency of financial advisers are invited to make submissions on the skills advisers will be required to have under a new law.
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