Financial service providers including brokers, advisers, banks and investment managers have had to re-think business models, re-train, even decide whether they want to continue. They are now wrapped in new regulation, designed to protect investors and inform. They lose their ticket to attend the game if they fail to meet requirements.
Providers might claim, “If we meet compliance, surely any client should be satisfied. What other scrutiny could possibly be necessary?”
Actually – quite a lot!
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Updated practices and new layout are provided in the recent release of an edition suitable for New Zealand, Australia and Asia Pacific stewards or for use by service providers working with such entities. Copies are available to purchase via the Store or please contact us for more information on discounts for multiple copies.
After an extensive review and collaboration with independent industry experts and the AICPA (as technical editors), the new handbook series has been released for the US. The practices themselves have not fundamentally changed but rather have been regrouped in places and the commentary has been improved. We have commenced work on amended versions suitable for advisers and trustees in New Zealand.
Additionally, fi360 Pacific has commenced adaptation for a specialised Australian Superannuation handbook.
The revised practices also mean the Accredited Investment Fiduciary and Fiduciary Essentials training courses will be provided with upgraded content.