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From other offices in Dubai on March 6th 2014, Spencer Lodge, managing director of Fund Advisers covers the UAE Insurance legislation changes as well as the impact it will have about the industry.Spencer Lodge Fund Advisers

he United Arab Emirates is set to endure the most important regulatory reforms seen in recent years and Fund Advisers are right the main point on these changes. The brand new UAE Insurance Authority legislation might find most of the financial services companies already operating on this space have to clean up their activity and operations or be instructed to cease trading. Spencer Lodge Educational Planning

In a recent press interview, Spencer Lodge Managing Director of Fund Advisers shared his thoughts on the large changes ahead and the positive impact it will have on the industry.

Only at Fund Advisers, we fully support these changes which are designed to supply the public a chance to clearly identify and disseminate the most professional and reputable financial services companies inside the UAE from those organisations who continually miss the professional and ethical standards expected.

The management team at Fund Advisers has recently implemented the mandatory changes and we're genuinely leading the campaign for change. We now have gone even further generating it a requirement that our Wealth Managers and support, undertake continual professional study to accomplish and attain their Chartered Institute for Securities & Investment qualifications. This can ensure our Wealth Manager�s are fully qualified and understand the array of assets and investment products that can be purchased in the market. It's going to equip them to provide expert financial advice in order to find appropriate methods to fulfill the investment, retirement, protection and estate and tax planning needs to suit your needs, our client. We just believe our team needs to be the best been trained in the and also this decision demonstrates our ongoing commitment.

Fund Advisers manage a policy of never cold calling prospective clients so we monitor this closely daily. Our customer care minute rates are among the highest in the industry and that we always support and work with authorities to constantly improve our offering.

The newest legislation is further made to ensure companies provide higher levels of financial protection for his or her clients and improve relationship and operational standards causing highest standards of care and compliance. They're areas where Fund Advisers already excel and our clients continually reveal this is exactly what causes us to be different from our competitors.

The UAE Insurance Authority have clearly had an ample amount of sub-standard practice and possess attempted to remove organisations that operate without the appropriate Government licences, employ unqualified and untrained staff that simply cold call and bombard prospective clients with heavy handed techniques and industry untruths.

At Fund Advisers, we firmly feel that as a result of this new legislation arriving to effect, industry standards over the UAE will significantly improve and it'll eradicate the unlicensed and undercapitalised brokers who have for too long been able to are employed in the marketplace.

We fully embrace and welcome these new changes.

The new UAE Insurance Authority legislation will come in to effect on 28th November.