The FMA’s announcement of different license classes has been widely welcomed by the financial adviser community, though Financial Advice New Zealand CEO Katrina Shanks says some aspects of its full licensing plan still need to be fleshed out.
She says requirements around outsourcing, business continuity, technology systems and professional indemnity insurance will need more detail as the process evolves, and advisers are looking for clarity around the processes they will need to go through when working with technology platforms, CRM providers and insurers.
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