News

Sales practices get SuperLife a slap on wrist

Wednesday 22nd of June 2011

FMA chief executive Sean Hughes said the regulator was concerned about a number of matters regarding SuperLife's sales practices, potential non-compliance with the law and apparent poor monitoring of the activities of its sales force.

He said that from July 1, the FMA will monitor compliance by KiwiSaver providers and their obligations under the Financial Advisers Act.

"We will no...

Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.