News

FMA overstepping bounds: Weatherston

Thursday 20th of July 2017

The FMA has been taking submissions on its proposed class exemption for roboadvice providers from the requirement that personal advice to retail clients be given by a natural person.

The idea has been generally well received, particularly by big providers who want to start offering roboadvice ahead of the introduction of the new Financial Services Legislation Amendment Bill. The bill wou...

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