New Zealand is being involved in an effort to develop international quality standards for financial planning.
The International Organisation for Standardisation (ISO) has established a committee with four working groups to develop international standards in financial planning.
The four working groups will work on various aspects of the international standards divided into the following topics:
The working groups have until late April to submit proposals on their approach to various work items that were developed within the work groups.
"These working groups will play a critical role in developing draft ISO standards for financial planning," said technical committee secretary Don Bills says.
The committee was established last year to establish international standards in financial planning.
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