Faafoi considering complaints
It was reported this month that no complaints had been received at that time about the group or its composition.
The group is developing the code of conduct that will apply to all advisers under the new regime, and is conducting a consultation period.
There have been claims that the code working group (CWG) has shown favour to big providers through its proposals, at the expense of small advice practices – and allegations that is due to the make-up of the group. There are no independent advisers among its number.
Advisers were surprised that Faafoi had at that point received no complaints. “Faafoi would have to have been unconscious not to notice the problems with the CWG,” Brent Sheather wrote.
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