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Government flunks own advice standards
Friday 17th of August 2012
Speaking at the Workplace Savings NZ conference yesterday, Paul Mersi said the default KiwiSaver schemes have a "one-size-fits-all" approach that would be unacceptable if used by financial advisers on their clients.
"Let me ask you, is the government the de facto financial adviser to tens of thousands of default investors? And how do you think the FMA would rate it in that regard?"...
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