News

Call to relax KiwiSaver advice rules

Friday 31st of August 2012

Only Authorised Financial Advisers (AFAs) are allowed to give personalised advice on KiwiSaver, which is a category one investment product under the Financial Advisers Act; registered financial advisers (RFAs) can give ‘class' advice on it but there is confusion over where the boundaries lie.

In a submission on the FMA's consultation draft on KiwiSaver sales and distribution, PAA profess...

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