Sharechat Logo

Should Financial Advisers be regulated?

Friday 27th May 2005

Text too small?
The website address is www.assetmagazine.co.nz

Earlier this week a Government-appointed Task Force launched an Options Paper. This paper outlines issues facing advisers and also offers four different options for regulating the advisory industry.

ASSET magazine editor Philip Macalister says that adviser regulation is one of the biggest issues facing the financial services industry.

“Whatever changes stem from the Task Force are likely to significantly change the face of the industry,” Mr Macalister says.

It is also a major issue for the savings public. Mr Macalister agrees with the view expressed by the Task Force that having a robust advisory industry is a crucial step towards getting New Zealanders to increase their savings rate.

While much of the public and media attention is on recent Budget announcements such as the Government’s workplace savings scheme, Kiwi Saver, and tax changes to managed funds, adviser regulation appears to have been ignored.

Mr Macalister says it is important that consumers as well as the savings industry get involved in this debate and he encourages people to attend one of the Task Force’s consultation meetings which are being held around the country over the next couple of weeks.

“In order to facilitate the debate and to help achieve some good outcomes we have established this website,” he says.

ASSET is the number one monthly magazine for financial advisers in New Zealand. It is published by Tarawera Publishing Ltd which also produces leading financial planning website www.goodreturns.co.nz.

www.goodreturns.co.nz also organises and runs the annual Financial Planner of the Year Awards.

Bond Offer: Infratil Ltd, 7.2 year & 10.2 year unsecured unsubordinated bond


  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

NZ dollar sags after avalanche of data and central bank action
Fonterra board starts planning chair succession
Fulton Hogan keeps Australian civil construction unit
Time for congestion pricing has come - NZIER
Colliers defends KiwiBuild as 'far from a colossal failure'
Pushpay shares rise as cost-cutting upgrades earnings guidance
20th September 2019 Morning Report
NZ dollar weaker against British pound on EC president's Brexit optimism
Todd plans Kapuni drilling campaign
MARKET CLOSE: NZ shares gain; appetite for KFC helps Restaurant Brands hit record

IRG See IRG research reports