Financial adviser regulation fails to deliver

David Yates | NZFAA | 29 October 2013

 

It is five years after the Financial Advisers Act (2008) was passed and two years since the regulations came into force in 2011. However research commissioned by the New Zealand Financial Advisers Association (NZFAA) covering almost 2,500 adult New Zealanders reveals that adviser regulation has yet to deliver on its purpose.

The research, conducted on behalf of NZFAA by Horizon Research, reveals a significant gap between what the regulations set out to achieve and what has...

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