The Government Wants To Hear From You – MBIE

14, July, 2015 –  Have you ever used a financial advisor? The Government wants to hear from you. The laws relating to financial advice are being reviewed to ensure that financial advice is accessible, understandable and promotes confidence in the financial advice sector.

The Ministry of Business, Innovation and Employment is consulting on areas to improve and clarify the Financial Advisers Act 2008 and the Financial Service Providers (Registration and Dispute Resolution) Act 2008.

As part of the review, we’d like to hear from Indian community about their experiences with financial advice. Some of the things we’re interested in are:

• Where do people get financial advice from and why?

• What information do people need to have to choose an adviser?

• At what points in life do people feel like they need financial advice?

• What experiences have people had with financial advisers and once they get that advice, is it understandable?

• How can we promote confidence in financial advisers?

• And lastly, how can we facilitate access to advice in the future, especially with the growth of Kiwi Saver and technology that facilitates new and faster ways of getting advice?

These questions and others can be found in the Issues Paper which is out for public consultation and can be found here: www.mbie.govt.nz/what-we-do/faareview.

You can also read a short brochure outlining key issues here, and answer a short, anonymous questionnaire here.

If you have any questions related to the review, please feel free to contact the team at any time by emailing [email protected]

Submissions close on 22 July 2015.