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[GRTV] Peer support helps with compliance stress

Wednesday 10th of April 2024

When AIA commissioned a second round of research on the wellbeing of financial advisers in 2023, it expected three years post Covid and as people had moved through the regulation process, there would be more improvement than was the case.

But says Botica, stress and fear of not knowing how to navigate regulation compliance was still evident.

To ease that fear some advisers and adviser groups have started sharing their experience of FMA audit visits and also how best to prepare for them, if they should happen, she says.

In fact peer support between FAPs members themselves and from industry sector groups such as the Million Dollar Round Table, are proving helpful.

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