Delay in setting adviser fees and levies

David Maida | financialalert | 08 March 2012

Fees and levies on advisers under the new regulatory environment were due to be established in May 2010. But nearly two years on, advisers still don't know how much they'll be paying. We asked the Ministry of Economic Development for an update.

When the proposed fees and levies for Authorised Financial Advisers (AFA) were originally mooted in October 2009, they were set at $1,385. Qualifying Financial Entities (QFE) were set to pay just $4,630 regardless of the number...