News

FMA lodges robo application number three

Tuesday 23rd of October 2018

The FMA is accepting applications from providers who want to make use of an exemption that allows personalised roboadvice ahead of the implementation of the Financial Services Legislation Amendment Bill, which will make it legal.

Two have been granted – to Nikko Asset Management and Kiwi Wealth. The FMA said it had now received a third but would not disclose who it was from.

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