Financial advisers should get Budget boost: Shanks
Finance Minister Grant Robertson will unveil the Budget next week – it will form the next part of the Government’s economic response to the Covid-19 outbreak.
Shanks said the pandemic had put New Zealanders under a lot of financial stress, due to reduction in hours of employment, the loss of jobs or pipeline of work, and changes to their business models.
There was also a longer-term impact on retirement funds and planning.
“We would like to see the Government provide financial assistance to New Zealanders and their businesses in a number of ways, including a mechanism that supports the provision of free financial planning advice. We need a positive statement of intent that supports people with their recovery in a structured and measurable way.
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