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Showing 11 - 15 of 15 results for "Fold Legal"

Increased record keeping provisions for advisers

LAURA MILLAN  |  TUESDAY, 18 NOV 2014
... advice they gave and any conflicts of interests. It must be kept for seven years after the advice was provided. The Fold Legal senior compliance consultant Sonia Cruz said that the new Future of Financial Advice (FoFA) requirements make it clear that ...

AIA pays advisers to move to hybrid commission

LAURA MILLAN  |  THURSDAY, 27 FEB 2014
... the long run," Mu said. In an email to advisers AIA said that "hybrid structures are the way of the future." But The Fold Legal managing director Claire Wivell Plater said that "hybrid and even level commissions can still incentivise advisers to churn ...

Advisers to review privacy compliance

LAURA MILLAN  |  WEDNESDAY, 19 FEB 2014
... for data collection statements should be added when collecting information, be it face-to-face or by telephone," The Fold Legal senior lawyer Lesley Thorne said. "Privacy policies should also be updated and placed on advisers' websites," she says. Advisers ...

Advisers to justify platform choice under best interest

LAURA MILLAN  |  FRIDAY, 6 SEP 2013
... understand." "This increases the risk that the investor will make a decision that is not in their best interest." The Fold Legal managing director Claire Wivell Plater said that as a consequence advisers will need to include additional information in ...

Employed advisers could face $200k liability under FoFA

JAMES FERNYHOUGH  |  TUESDAY, 11 JUN 2013
... Interests Duty if they are authorised representatives (ARs), according to Charmian Holmes, solicitor director at The Fold Legal (the Fold). Once the Future of Financial Advice (FoFA) reforms kick in, ARs could be liable for up to $200,000 in fines, regardless ...
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