Roboadvice on horizon

Monday, January 22nd 2018, 12:25PM 1 Comment

The Financial Markets Authority expects to be open for applications from providers wanting to offer roboadvice by the end of March - and possibly sooner.

A number of businesses had indicated they were likely to apply for the exemption that will make personalised digital advice possible ahead of the introduction of the Financial Services Legislation Amendment Act.

Most banks are believed to be readying robo offers. Others, such as Sharesies, have also flagged their intention to make use of the exemption.

Tags: roboadvice

« NZ average on disclosureOCR increase pushed out »

Special Offers

Comments from our readers

On 25 January 2018 at 11:46 am retired blogger said:
two reasons why Robo may not be as good as some think

https://www.vanguardinvestments.com.au/retail/ret/articles/insights/research-commentary/investment-principles/why-returns-lag.jsp

https://www.qidllc.com/wp-content/uploads/2016/02/2016-Dalbar-QAIB-Report.pdf

Sign In to add your comment

www.GoodReturns.co.nz

© Copyright 1997-2024 Tarawera Publishing Ltd. All Rights Reserved