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Banks investment advice is taken to rein in - Especially in the elderly, investment advice detected flaws

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Dwight Black

investment product sales legislation, tightening at the beginning of 2018, the financial supervisory authority told reporters.

the Problem has been that the investor-client's advantage and, for example, selling investment products of the bank interests may be in conflict.

the Customer wants good returns with appropriate risk, while the bank may seek to sell as much as possible, for example, your own funds.

fl will leader Anneli Import according to changes after the investment and insurance product sales persons has to be constantly sufficient knowledge and skills.

a New requirement, the company could offer a particular investment product only a predetermined group of customers.

Also the obligation to provide investment advice to various investment products expands, as simple, without the advice of products sold in the definition of the contraction.

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Dwight Black
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