Changes for RFAs nothing to worry about

What I want to start with is some reassurance for you, the advisers out there on the coal face.

The New Zealand Financial Services Industry is undergoing some significant changes, the FMA, MBIE, and the Code Working Group (CWG), are listening to what the market is saying.

In the last two weeks; I have seen and heard a number of things from the industry regulators that should give advisers, and particularly RFAs, some comfort given the changes coming are focused predominantly on RFAs.

How it is panning out for us, professionals with good businesses and processes, should be relatively positive and painless as we work through the transition. We have had the AFA standards to measure against, even if we have not been AFAs.