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Money Week an opportunity to reach out, Financial Advice NZ says

Financial Advice New Zealand chief executive Katrina Shanks says it was positive to see the Financial Markets Authority’s support for the association during the recent Money Week, even though a planned joint event did not go ahead.

Monday, August 24th 2020, 6:00AM

The FMA and Financial Advice NZ had planned an event at The Base in Hamilton, offering advice to locals.

Advisers were meant to offer free generic advice to the public on anything from investment basics to mortgages, KiwiSaver and insurance.

But a resurgence in Covid-19 and the return to alert levels three and two meant the event was cancelled.

Financial Advice NZ ran a series of webinars over the five days of Money Week, which Shanks said reached a wide audience.

She said a key part of the association’s remit was to promote the value of financial advice and advisers.

Money Week enabled it to stand on a greater platform than it would achieve on its own, she said.

The FMA had been “amazing” to work with, she said, and it was great to see that it was supportive of Financial Advice NZ.

“It was a fantastic opportunity to work together and support each other, that’s the way it should be.”

She said the association would not try for another advice event like The Base in the near future but was open to talking to the FMA about options for events.

Financial Advice NZ’s conference this year is to be held online and in-person at four locations in Auckland, Wellington, Christchurch and Dunedin over four days. Shanks said that meant that if any region were to be in a higher alert level at that time, the conference could continue as planned.

It was also designed to cut the cost of attending for advisers, she said.

Tags: Financial Advice New Zealand Financial Advice NZ annual conference FMA

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Last updated: 21 September 2020 10:48am

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