Business Services Industry
Fee quandary hurts industry.
Australasian Business Intelligence, August, 2003
Aug 31, 2003 (Herald Sun - ABIX via COMTEX)
The financial planning industry could soon be hit by new regulations about fee disclosure. A Security Institute of Australia (SIA) survey has shown that 70 per cent of fund managers believe that fee disclosure rules postulated by the Australian Securities & Investments Commission (ASIC) must have the backing of legal penalties to work effectively. SIA president Ian Neal says that the industry's response to rampant disillusionment by investors must be swift, rigorous and relentless.
Publication Date: 1 September 2003
SECURITIES INSTITUTE OF AUSTRALIA:
AUSTRALIAN SECURITIES AND
INVESTMENTS COMMISSION:
FINANCIAL PLANNING ASSOCIATION OF
AUSTRALIA LIMITED
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