Wednesday, March 08, 2006
Financial Planners To Adopt New Code
ALL members of the Financial Planning Association will be bound by new principles for handling conflicts of interest.
The new code has been adopted as the industry begins to unravel itself from highly controversial commission payments which led to harsh criticism of planners.
They also have been dogged by the fact that many planning companies are also now owned by major banks or insurance companies which produce the investment product.
FPA chairman Corinna Dieters said the principles would help members fulfil their primary obligation to work in the interest of clients.
Read Full Story: Financial Planners To Adopt New Code
Source: Insurance News Net
The new code has been adopted as the industry begins to unravel itself from highly controversial commission payments which led to harsh criticism of planners.
They also have been dogged by the fact that many planning companies are also now owned by major banks or insurance companies which produce the investment product.
FPA chairman Corinna Dieters said the principles would help members fulfil their primary obligation to work in the interest of clients.
Read Full Story: Financial Planners To Adopt New Code
Source: Insurance News Net
Permalink posted by armandn @ 9:58 AM 
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