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Business Scoop » There Are Likely To Be Some Difficult Conversations After The 15th Of March

Press Release – Frank Risk Management Ready or not. The financial services industry will have to be a lot more accountable under the Financial Services Legislation Amendment Act’s new disclosure requirements, coming into effect mid-March. The subject of fees, commission, and transparency have … Ready or not. The financial services industry will have to be a lot more accountable under the Financial Services Legislation Amendment Act’s new disclosure requirements, coming into effect mid-March. The subject of fees, commission, and transparency have been hotly debated among financial advisers in the past, but the industry has tended to favour a more self-regulated approach. The new regime is imposing minimum income disclosure requirements, which may leave some customers wondering what they have been paying for?

Massey Business School partners with Australia s Kaplan Professional

Stock image sourced via Freepik, created by Yanalya. Massey University has partnered with Kaplan Professional, Australia’s largest and leading financial services education and continuing education provider, to help potentially 25,000 financial advisers meet a new standards regime in New Zealand. The Financial Services Legislation Amendment Act 2019 (the Act) recently became law and prescribes changes to the way financial advice is regulated and delivered in New Zealand, introducing new classifications and a Code of Conduct for advisers. This comes into force in March 2021, and all advisers have a transition period of two years to meet the requirements to be qualified as an Authorised Financial Adviser (AFA).

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