Fund Advisers Welcome New UAE Insurance Authority Legislation confirms Spencer Lodge
From their offices in Dubai on March 6th 2014, Spencer Lodge, md of Fund Advisers discusses the UAE Insurance legislation changes as well as the impact it's going to have on the industry. Spencer Lodge
he Uae is defined to endure the most important regulatory reforms noticed in recent times and Fund Advisers are right at the forefront of these changes. The brand new UAE Insurance Authority legislation will discover lots of the financial services companies already operating within this space have to tidy up their activity and processes or be instructed to cease trading.
In the recent press interview, Spencer Lodge Md of Fund Advisers shared his ideas on the big changes ahead and also the positive impact it'll have about the industry. Spencer Lodge Educational Planning
Only at Fund Advisers, we fully support these changes which can be built to supply the public the ability to clearly identify and disseminate probably the most professional and reputable financial services companies in the UAE from those organisations who continually miss the professional and ethical standards expected.
The management team at Fund Advisers has recently implemented the necessary changes and we're genuinely leading the campaign for change. We've gone even more making it essential that all our Wealth Managers and support, undertake continual professional study to complete and attain their Chartered Institute for Securities & Investment qualifications. This will ensure our Wealth Manager�s are fully qualified and understand the range of assets and investment items that can be purchased in industry. It's going to equip them to provide expert financial advice in order to find appropriate answers to satisfy the investment, retirement, protection and estate and tax planning needs for you personally, our client. We merely believe our team needs to be the best been trained in a and this decision demonstrates our ongoing commitment.
Fund Advisers attempt a policy of never talking to prospective clients so we monitor this closely each day. Our customer happiness minute rates are one of the highest on the market so we continue to support and use authorities to constantly improve our offering.
The brand new legislation is further made to ensure companies provide higher levels of financial protection for his or her clients and improve relationship and operational standards resulting in highest standards of care and compliance. They are places that Fund Advisers already excel and our clients continually tell us this is just what causes us to not the same as our competitors.
The UAE Insurance Authority have clearly had enough of sub-standard practice and also have attempt to remove organisations that operate with no appropriate Government licences, employ unqualified and untrained staff which simply cold call and bombard prospective customers with heavy handed techniques and industry untruths.
At Fund Advisers, we firmly think that because of this new legislation coming in to effect, industry standards throughout the UAE will significantly improve and it will eradicate the unlicensed and undercapitalised brokers that have for too long had the ability to are employed in the marketplace.
We fully embrace and welcome these new changes.
The newest UAE Insurance Authority legislation will be to impact on 28th November.