FMA to consult on KiwiSaver sales and distribution

Mon, 25 Jun 2012

By Hannah Lynch June 25 (BusinessDesk) - The Financial Markets Authority will consult on the draft guidance for the sale and distribution of KiwiSaver products. The guidance is designed to help distinguish between information given to investors and investment advice. It sets out who can offer services and what customers believe they are being offered. When opinion or advice has been given the FMA will distinguish between class advice and personalised advice. “We recognise that an important objective of KiwiSaver is to make it easy for New...

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