Green light for new financial advice regime
There were 10 speeches in Parliament, all in favour of the bill, this afternoon. It completes a third reading that began on Tuesday.
The bill now moves to Royal Assent to become law.
Commerce Minister Kris Faafoi said it should mean New Zealanders had better access to high quality financial advice.
“According to the Commission for Financial Capability, 68% of New Zealanders have money worries. Many are overwhelmed by the sheer volume of financial choices they need to make and the complexities in understanding financial language is often a barrier to making decisions.
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