Govt focus shifts from financial regulation to literacy

By Jenny Ruth | Wed, 12 Feb 2020


New legislation governing the conduct of those offering financial services should get its first reading in parliament later this week and Commerce Minister Kris Faafoi is promising that after that he will shift his attention to promoting financial literacy.The Financial Markets (Conduct of Institutions) Amendment Bill will codify how financial institutions and their intermediaries have to treat consumers fairly and Faafoi said he hoped it would be passed before the September election.His comments yesterday to a conference for financial advisers...