The Ministry of Business, Innovation and Employment is reviewing New Zealand’s financial advice laws and seek the views of the public

MBIE are now consulting on ways to simplify the regime, improve access to financial advice and raise confidence in the financial advice industry.

They have recently issued a consultation paper with options to change the regime as well as a shorter brochure with some key consumer questions about access to financial advice.

Before MBIE consider changes to the laws they want to hear your views. In the consumer brochure they ask questions on key points, such as: 

  • How easy is it to tell the difference between ‘sales’ and ‘financial advice’?
  • What information from a financial adviser would be useful to you? 
  • Would you be comfortable receiving financial advice online? 

To view the brochure and tell MBIE your views, go to http://www.mbie.govt.nz/info-services/business/business-law/financial-advisers/review-of-financial-advisers-act-2008

Alternatively you can email MBIE at faareview@mbie.govt.nz

Submissions close at 5pm on Friday, 26 February 2016.

We encourage you to make a submission.