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“Bring it on” adviser says about Finance Advice New Zealand proposal

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NZ Adviser | 15 Jun 2016, 02:12 p.m. Agree 0
Two leading advisers speak to NZ Adviser about why the newly proposed organisation Finance Advice New Zealand is timely and can only be a good thing for the industry.
  • Stuart | 15 Jun 2016, 02:40 p.m. Agree 0
    It was always a bit crazy to have one set of rules for an RFA and a similar but more complex set of rules for an AFA and especially when most of the public (our customers) have no idea what the difference is. Of course there need to be some rules, but they need to be simple enough that people can understand them and easy enough for advisers to adhere to as well.
  • Michael | 15 Jun 2016, 06:26 p.m. Agree 0
    A client of mine after receiving the AFA/RFA difference explanation put it simply back to me as "So the two names should be simply be Authorised Financial Advisor and Unauthorised Financial Advisor ?". I had to agree that his statement certainly implied there's a distinct difference between the two.
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