Commitment to help advisers with new regs - NZFSG

Following the recent NZFSG conference in Auckland, Loan Market’s Bruce Patten said the group was committed to the fact that they are going to assist advisers with the new regulations.

One of the conference’s sessions looked at the new regulations and discussed what advisers might expect.

Patten said one of the questions they posed to the audience was “are we, as a group, going to apply for financial advice licenses on behalf of some members” and the answer to that was “yes”.

The other was around whether they would be applying for licenses for the whole membership and they are still unsure on that one.