Australia looks attractive to advisers...nearly
The outflow of Kiwis across the ditch has been a hot topic for several years, with just under 500,000 New Zealanders now living in Australia.
But advisers have had to jump through several hoops to practice in Australia's strict regulatory environment, making the switch less appealing.
Good Returns spoke to a 30-year-old adviser, who didn't want to be named, who said he'd started thinking seriously about moving across the Tasman the moment he heard about the recently-announced recognition agreement between Australia's ASIC and New Zealand's FMA.
"I thought, ‘that's it, I'm out of here'. The salaries are so much higher over there but it used to be quite difficult for advisers to move there; you had to do a whole new diploma based on Australian products.
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