Financial Advice NZ concerned sales will get captured by wide legislation

Thu, 02 Aug 2018

By Paul McBeth Aug. 2 (BusinessDesk) - Financial Advice New Zealand says politicians cast the net too broadly in defining regulated financial advice and wants Commerce Minister Kris Faafoi to draw a clear line in the sand to avoid capturing straight sales. Parliament's economic development, science and innovation select committee, chaired by National MP Jonathan Young, reported back to the House on the Financial Services Legislation Amendment Bill last week, recommending a handful of changes. The proposed law seeks to iron out some of th...

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