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Advice industry split on KiwiSaver rules
Wednesday 17th of October 2012
The FMA’s final guidance on KiwiSaver sales and distribution confirms Registered Financial Advisers (RFAs) can sell KiwiSaver in limited circumstances.
However, the FMA has stuck to its controversial view that advice can be implied, despite a number of submitters questioning whether this view was supported by the Financial Advisers Act or by Parliament.
The Bankers’ Association ha...
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