FMA consults on guidance on KiwiSaver sales and distribution

The Financial Markets Authority is consulting on draft guidance for people involved with the sale and distribution of KiwiSaver schemes.

Head of Primary Regulatory Operations Sue Brown said the guidance explains the approach FMA proposes to take when looking at KiwiSaver sales practices.

"We recognise that an important objective of KiwiSaver is to make it easy for New Zealanders to save for their future," Ms Brown said. "In developing our guidance, we have considered the need for potential investors to have access to information about KiwiSaver schemes, and to advice which is provided with skill, care and diligence" ... READ MORE