News

Urgent action required over banks' KiwiSaver selling tactics

Friday 24th of May 2013

One of the biggest gripes in the financial advisory industry at the moment is how banks are coercing customers to switch their KiwiSaver accounts to the bank without proper advice.

The FMA produced a guidance note around this issue last year which Hughes says hit the right spot judging by the negative reaction from the Bankers Association.

Hughes acknowledged when answering a ques...

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