(PR.co.nz) Mortgage Link, the national mortgage advisory group, and its advisers have always tried to be better than the industry standards – in the new regulatory environment things will be no different. We have identified a pathway to demonstrate publicly our competence and ensure above industry average performance.
All Mortgage Link advisers are now registered with the Companies Office as required by the Financial Service Providers (Registration and Dispute Resolution) Act, including being members of an External Dispute Resolution scheme. Rather than just be registered (where it is important to realise, we still need to act with the “care, diligence and skill of a reasonable financial adviser”) we are going to use the National Certificate in Financial Services (Level 5) and the Code of Professional Conduct to be our pathway to demonstrating competency.
We are pleased to announce we have entered into agreement with Strategi Limited, the specialised support provider to the financial advisory industry, who will help us achieve our goal of having everyone as skilled and competent as Authorised Financial Advisers. Strategi will be working closely with the Company to ensure our advice process and documentation will meet the requirements of Standard Set C of the National Certificate. To help our advisers “buy in” to our pathway Strategi are presenting to our regulation workshop at this year’s National Conference in Queenstown.
We still have some work to do to complete our competency pathway but we are confident it will support the strong advice relationship we have always had with our clients, result in better businesses for our Group, and give a strong competitive advantage across our industry.
Media Release on 28 April 2011 from Mortgage Link