News

FMA considering guidance on low-end advice

Thursday 17th of January 2013

The FMA has already produced several guidance notes clarifying its view on topics such as KiwiSaver and product research and how they relate to the Code of Conduct for Authorised Financial Advisers (AFAs) and other adviser obligations.

A recent survey of AFAs revealed concerns that the compliance burden imposed by the Financial Advisers Act had made providing advice to lower value client...

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