News

Bank KiwiSaver selling practices back on FMA radar

Wednesday 13th of August 2014

The issue of banks selling practice around KiwiSaver and how bank staff get customers to switch schemes has been a hot topic amongst advisers for some time. It was one of the reasons the FMA created a Guidance Note on KiwiSaver sales practices several years ago.

FMA head of supervision Kirsty Campbell told the Workplace Savings conference in Auckland that there had been an increase in co...

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