Have your say on financial advice legislation

Published: Fri 17 Feb 2017 03:10 PM
For immediate release
Friday 17 February 2017
Have your say on financial advice legislation
A draft bill to improve the regulation of financial advice has been published for consultation.
The Ministry of Business, Innovation and Employment is hoping for feedback from the public and the financial advice industry before the bill goes before parliament.
It follows extensive work over the past two years to review the existing financial advice regime and draw up changes.
David Boyle, the Commission’s group manager education and retirement villages, said: “This is a significant step in helping build confidence and improve access to advice for all New Zealanders when they need it and for their specific circumstances.
“We look forward with interest to seeing the future development of a range of different ways to obtain advice from the industry, including robo-advice which might help people get started.”
The bill aims to simplify the financial advice regime, make it easier to get advice and raise confidence in the financial advice industry.
Financial advice can be one-off, such as choosing an insurance policy or KiwiSaver provider, or more comprehensive and ongoing about how to achieve your financial goals.
The draft bill can be found here and submissions can be made up until Friday 31 March.

Next in Business, Science, and Tech

Industry plan could create a billion dollar gaming sector
By: New Zealand Game Developers Association
Government moves to protect elite soils
By: New Zealand Government
Calls for overhaul of gene-technology regulations
By: Royal Society Te Aparangi
Card spending dips in July
By: BusinessDesk
Govt takes more action to reduce waste
By: New Zealand Government
Fonterra Provides Update on Earnings
By: Fonterra
NZ gaming industry outlines plan for home-grown 'Angry Birds
By: BusinessDesk
Interactive media a game changer for digital economy
By: New Zealand Government
Potatoes vs people: govt moves to protect top vege-growing
By: BusinessDesk
New Zealand First Backs Plans to Protect Productive Land
By: New Zealand First Party
LGNZ cautious as government pits potatoes against houses
By: Local Government NZ
HortNZ welcomes safeguarding of country’s best growing soils
By: Horticulture NZ
Anti-housing rules to keep Kiwis locked out
By: New Zealand Taxpayers' Union
Productive farming land dug up for housing
Gene editing regulations – Expert Reaction
By: Science Media Centre
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media