The Government has today announced changes to the Code of Professional Conduct for Authorised Financial Advisers (AFAs) which will come into effect 1 December 2016.
“The Code Committee has worked with industry to provide further clarification for advisers around their scope of service,” said Commerce and Consumer Affairs Minister Paul Goldsmith.
“The changes aim to improve access to personalised advice, so that more New Zealanders can get advice that is tailored to their wants and needs.
“A robust code of conduct provides reassurance to New Zealanders that their financial adviser is bound by strong ethics and their advice can be trusted,” said Goldsmith.
For full details on the changes made visit: www.financialadvisercode.govt.nz