KiwiSaver

FMA raises KiwiSaver bar

Wednesday 18th of November 2015

It has released its first monitoring report on sales and advice practises. The report covers advice given by AFAs, QFEs, brokers and custodians.

Its two main focuses within that are KiwiSaver and AFAs.

FMA director of regulation Liam Mason said most KiwiSaver providers were yet to go through the Financial Markets Conduct Act licensing process.

The FMA knew from its experien...

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