News

Govt should get pinged over its MRP sales process

Friday 12th of April 2013

Almost daily I hear concerns within the industry around how banks are selling KiwiSaver to their customers.

Technically only AFAs can advise on KiwiSaver but banks continue to use non-AFA staff to get their customers to switch their KiwiSaver to their bank run scheme.

Advisers and managers constantly tell me about how they are losing clients. Last time I wrote about this the FMA c...

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