Consumer Protection

The present Government has tried to encourage people to invest their money and to take an active interest in the stock market and making provision for their retirement.

As part of this change, they introduced the Financial Services Act to try to regulate the growing numbers of financial advisors and intermediaries and to give the consumer of financial products protection from bad advice, unfair trading and dishonesty. The Act comes into force in 2015.

As with any system of regulation, those who are regulated like it less than those whom it protects. Many individual insurance brokers have decided to cease trading and there is a fear that the large companies will dominate more and more of the investment advice business.


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Investment

/investments/investment.php... see: Investment