[Weekly Wrap] A week of surprises
I have to say I was surprised to hear the FMA say that after three years of regulation advisers still aren't up to scratch. Advisers have been working bloody hard, at the detriment to their day-to-day business, of doing the ever-increasing list of chores the regulator throws at them.
Then to make such a broad statement, which implies it's everyone who needs to lift their game isn't something which comes out of the How to Win and Influence Advisers playbook.
As I have noted before after three years of regulation there is very little evidence to suggest advisers are doing a bad job - just look at how little the Financial Advisers Disciplinary Committee has had to do.
We did ask the FMA for an interview to discuss these comments, however that request was turned down.
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![[The Wrap] What the heck is happening at the FMA?](https://goodreturns.publit.io/file/c_fill,w_300,h_200/a6c3bc06-6401-44de-96e2-286c090e132d.jpg)