FMA guidance helps consumers access financial advice

News release
17 December 2013

The Financial Markets Authority has released guidance to help financial advisers give high-quality personalised advice that is time-efficient and adopts the right level of compliance.

FMA believes that better access to financial advice is crucial to increase investor participation in our financial markets and that advisers can help achieve this goal by offering limited personalised advice, where appropriate. The guidance note provides examples of when such advice may be given.

FMA has consulted with industry advisers and their professional associations on the guidance note. We will continue to work in partnership with industry to promote our shared objective of improving access to advice.

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Contact:
Tony Reid on 021 739 052 or [email protected]