Advice as important as savings, says financial advisers' lobby

Mon, 18 Jun 2012

June 19 (BusinessDesk) - Good financial advice is as important as the act of saving for retirement, says the Institute of Financial Advisers in response to proposals from the Financial Services Council that New Zealanders be encouraged to save 10 percent of their annual income in a super-charged KiwiSaver Plus scheme. IFA president Nigel Tate gave the FSC proposal "qualified support", but said it missed the importance of individuals taking good financial advice, and there was no "one size fits all" answer when it came to the recommendation to...

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