News

KiwiSaver selling practices investigated

Friday 4th of September 2009

Under the Securities Act, house-to-house selling of securities is illegal unless they are life insurance contracts, Building Society or Co-operative securities. The Securities Commission uses the term house-to-house as oppose to door-to-door, as the restriction only refers to residential houses - distributors can go from business to business. Cold calling on the telephone is also permissible in...

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