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ANZ welcome review of Financial Advisers Act
ANZ welcome review of Financial Advisers Act
New Zealand’s largest KiwiSaver
provider, ANZ, today welcomed the Government’s review of
financial advice legislation and said more New Zealanders
would need access to quality financial advice as they neared
retirement age.
ANZ Wealth managing director John Body said it was timely to review the legislation which had been in place for five years: “Our research tells us people have very limited understanding of financial matters and investing. They need professional advice but are reluctant to seek it.
“This review needs to accomplish two things: help build public confidence in financial advisers and ensure people have ready access to quality financial advice when they need it
“Around 20% of our population will be 65 or older by 2028 – that’s a lot of people approaching retirement over the next 13 years who would benefit from access to quality financial advice.
“We’re all living longer and many people could be retired for more than 30 years – they will need good advice to ensure a comfortable lifestyle.
“In reviewing the industry, we need to ensure people can get good quality advice and that the industry can continue to attract talented people.”
ENDS
ANZ Bank New Zealand Limited
Get on top of your money
ANZ has been helping New Zealanders get on top of their money ever since we opened for business in 1840. We were New Zealand's first bank and today we have a large network of full-service branches and ATMs, and talented people across the country.
We're passionate about helping our customers make their money work harder and equipping them to make better financial decisions. Whether it's travelling the world, buying a home, building a business, investing for the future or protecting their family's future, we use our financial strength and expertise to help make it happen.
Through our sponsorships, our Staff Foundation and thousands of staff volunteer hours each year, we support causes that make a difference to New Zealanders.
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