Hundreds of people have made their views on the Financial Advisers Act heard.
A Ministry of Business, Innovation and Employment spokeswoman said it had received 164 submissions in response to the recent issues paper, from organisations and individuals.
Another 249 people responded to the shorter consumer brochure the Ministry put out.
“We also received a large amount of feedback from interested groups during workshops and meetings,” she said.
It is expected that an options paper will be released next month...MORE»
Friday, August 7th, 6:00AM
SiFA has entered a searing submission in response to the Financial Advisers Act review issues paper.MORE»
Thursday, July 30th, 6:00AM
Industry regulations are cumbersome and reduce the number of advisers operating in the New Zealand market, a group of Massey University academics say.MORE»
The FSC wants RFAs to choose: Operate at the level of AFAs or declare themselves salespeople.MORE»
The Financial Advisers Act (FAA) needs to stop thinking about advisers in terms of the products they deal in and start thinking about how they put them to work for their clients, the Institute of Financial Advisers (IFA) says.MORE»
A crackdown on adviser qualification requirements could prompt some to leave the industry, it has been claimed.MORE»
With less than two months left to make a decision, a number of advisers are still unsure whether they will offer discretionary investment management services (DIMS) as of the second half of this year.MORE»
Advisers are being asked to fill out a survey for the Ministry of Business, Innovation and Employment on what they think about regulation of the sector, as part of the review of the Financial Advisers Act.MORE»