Recommended NZ | Guide to Money | Gimme: Competitions - Giveaways

Company A Founding Member Of Disputes And Discipline Scheme

Contributor:
Fuseworks Media
Fuseworks Media

Mike Pero Mortgages continues to raise the standards by becoming a founding member of the recently government approved disputes scheme, operated by Financial Services Complaints Limited (FSCL).

Mike Pero Mortgages Chief Executive Shaun Riley says his company takes regulation very seriously and Mike Pero Mortgages has signed up for the FSCL disputes resolution scheme early.

"This is the first disputes resolution scheme to be approved. We will seek to have our franchisees registered as soon as the register opens on 1 July 2010, as we firmly believe the Financial Advisers Act will help improve the overall quality of advice in our industry, " he says. FSCL has been established to offer an independent disputes resolution scheme for all Financial Service Providers. It has been set up specifically to deal with disputes arising out of financial products and services. It will be operated by financial dispute resolution specialists and is not connected with finance industry groups or consumers. Shaun Riley says he welcomes the new regime, as it will foster professionalism in the finance industry. "This new disputes and discipline process will hold underperformers to account. We don't see this as a threat, as we have always set high professional standards for our company to adhere to."

He says he's looking forward to the full financial advisers regime getting underway.

"I fully support this and our brokers have already enrolled in the required training courses. We will do everything that needs to be done to become authorised financial advisers and will continue to provide financial advice to a high standard," he says.

All articles and comments on Voxy.co.nz have been submitted by our community of users. Please notify us if you believe an item on this site breaches our community guidelines.