Insurance

FSCL warns: Roboadvice creates non-disclosure risk

Wednesday 27th of June 2018

The Financial Markets Authority is issuing exemptions that allow providers to offer personalised roboadvice.

Kiwi Wealth has been granted an exemption for its Future You product and Nikko Asset Management has applied for an exemption for its KiwiSaver plans.

In its initial proposal, the regulator had indicated that it would not include personal insurance in the scope of allowed ro...

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