People behind FAA review changing

One adviser, who did not want to be named, said he had serious concerns about the rate of staff turnover.

James Campbell, believed to be responsible for writing much of the issues paper for the review, has gone to Melbourne.

Senior policy adviser Daniel Twaddle, who was regarded as having a good grasp of advisers’ concerns, has also left MBIE. He spent time in two adviser businesses, including Michael Dowling's Stratus Financial Services and John Killick's Fox Plan in Wellington.

Robert Oddy, president of SiFA, said: "It is disappointing to have lost the original MBIE folk who seemed to gain improved financial literacy as a result of the several meetings with the many stakeholders particpating in the review of the Acts. In my humble opinion, continuity can be beneficial in terms of outcomes - and particularly when applying lateral thinking to develop methods of improving outcomes for consumers and other stakeholders. Hopefully, the replacements will be well equiped to identify the advantages and disadvantages - or benefits, risks, and suitability - of the options prepared for the Minister."