Regulation

RFAs to be allowed to sell investment-linked insurance

Thursday 23rd of June 2011

Commerce Minister Simon Power has approved re-categorising certain financial products as category two "to better reflect the economic substance of the product."

Under the original regulations products involving an investment element were category one products and only able to be sold by Authorised Financial Advisers (AFAs).

A paper, from Cabinet's Economic Growth and Infrastructur...

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