Mr Faafoi will meet with Hon Clare O’Neil, Shadow Minister for Financial Services and will discuss the Australian Royal Commission’s enquiry into misconduct in the banking, superannuation and financial services industry.
Finance Minister Grant Robertson and Commerce and Consumer Affairs Minister Kris Faafoi have met with the RBNZ and the FMA to discuss their previously announced review of the conduct and operations of the financial sector.
Commerce and Consumer Affairs Minister Kris Faafoi is encouraging public feedback on proposed regulations that will make it easier for consumers to understand the whole picture when receiving financial advice.
KiwiSaver providers disclosing in dollars the total fees charged to their investors is a step forward for Kiwis towards achieving the best retirement savings, Minister for Commerce and Consumer Affairs Kris Faafoi says.
Commerce and Consumer Affairs Minister Kris Faafoi says the first reading of the Financial Services Legislation Amendment Bill in Parliament today is the first step in a significant package of changes to ensure all Kiwis can get good quality financial advice based on their individual needs.