Regulation

FMA wants to manage advice costs

Tuesday 3rd of February 2015

The FMA’s director of compliance Elaine Campbell said it was mindful of the cost of regulation on advice businesses.

“We are aware we are a draw on financial adviser businesses,” she said. “We need to be careful about balancing that cost of compliance against the return to consumers.”

One of the FMA’s big concerns what that Kiwis who needed advice could get it, she said. “But it a...

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