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Disclose cost of advice, not commission: Financial Advice NZ

Thursday 31st of May 2018

The Ministry of Business, Innovation and Employment (MBIE) sought submissions on a discussion document as part of its work to develop disclosure regulations to fit alongside new financial advice laws.

MBIE said the existing rules had a lack of transparency, including on what advisers were paid.

Information about the commission an adviser received should be made publicly available,...

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