{"id":1828,"date":"2021-08-07T22:03:57","date_gmt":"2021-08-07T10:03:57","guid":{"rendered":"https:\/\/wisdom8.co.nz\/2021-2023-new-regime\/"},"modified":"2023-03-17T13:45:17","modified_gmt":"2023-03-17T00:45:17","slug":"new-regime","status":"publish","type":"page","link":"https:\/\/wisdom8.co.nz\/en\/new-regime\/","title":{"rendered":"New Regime"},"content":{"rendered":"

[et_pb_section fb_built=”1″ admin_label=”Section” _builder_version=”4.9.7″ background_image=”https:\/\/wisdom8.co.nz\/wp-content\/uploads\/2021\/08\/309734857-w.jpg” parallax=”on” parallax_method=”off”][et_pb_row _builder_version=”4.4.6″ custom_margin=”||||false|false” custom_padding=”||0px||false|false”][et_pb_column type=”4_4″ _builder_version=”4.4.6″][et_pb_text admin_label=”Header” _builder_version=”4.9.10″]<\/p>\n

2023 The new financial advice regime is now underway<\/h1>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”3_4,1_4″ admin_label=”Row” _builder_version=”3.25″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”][et_pb_column type=”3_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.9.10″ _module_preset=”default” background_color=”rgba(255,255,255,0.8)” custom_padding=”50px|50px|50px|50px|false|false” hover_enabled=”0″ sticky_enabled=”0″]This new regulatory regime is designed to help improve people\u2019s financial resilience by making it easier to access high-quality financial advice that will better prepare them for the future.<\/p>\n

The changes are significant. The regulation of financial advice now falls under the Financial Markets Conduct Act 2013 with the FA Act 2008 now repealed. An important feature of the new regime requires everyone providing retail financial advice to place the interests of their clients first.<\/p>\n

From today, anyone who gives regulated financial advice to retail clients must either hold, or operate under, a Financial Advice Provider license.<\/p>\n

Read more: https:\/\/www.fma.govt.nz\/consumer\/<\/a>[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ inner_shadow=”on” fullwidth=”on” admin_label=”0800 Section” _builder_version=”4.4.6″ background_color=”#ffffff” background_image=”https:\/\/wisdom8.co.nz\/wp-content\/uploads\/2020\/05\/103221335-w.jpg” parallax=”on” parallax_method=”off” saved_tabs=”all”][et_pb_fullwidth_header title=”\u7528\u667a\u6167\u7ba1\u7406\u4eba\u751f 0800 wisdom” text_orientation=”center” content_max_width=”none” admin_label=”\u7528\u667a\u6167\u7ba1\u7406\u4eba\u751f 0800 wisdom” _builder_version=”4.9.10″ background_color=”rgba(255, 255, 255, 0)” button_one_text_size__hover_enabled=”off” button_two_text_size__hover_enabled=”off” button_one_text_color__hover_enabled=”off” button_two_text_color__hover_enabled=”off” button_one_border_width__hover_enabled=”off” button_two_border_width__hover_enabled=”off” button_one_border_color__hover_enabled=”off” button_two_border_color__hover_enabled=”off” button_one_border_radius__hover_enabled=”off” button_two_border_radius__hover_enabled=”off” button_one_letter_spacing__hover_enabled=”off” button_two_letter_spacing__hover_enabled=”off” button_one_bg_color__hover_enabled=”off” button_two_bg_color__hover_enabled=”off”][\/et_pb_fullwidth_header][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"

2023 The new financial advice regime is now underway This new regulatory regime is designed to help improve people\u2019s financial resilience by making it easier to access high-quality financial advice that will better prepare them for the future. The changes are significant. 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