Commerce Minister Faafoi to keep eye on smaller financial advisers

Fri, 08 Dec 2017

By Paul McBeth Dec. 8 (BusinessDesk) - Commerce and Consumer Affairs Minister Kris Faafoi doesn't want to strangle the small end of town with too much regulation in the latest overhaul of legislation governing financial advisers. Members of Parliament sent the Financial Services Legislation Amendment Bill to the economic development, science and innovation select committee yesterday, which will review the planned changes to law requiring investment advisers to put the interests of their clients first and ditch clunky designations that hav...

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