Auckland FAP has its licence cancelled
FAL was an Auckland-based FAP offering advice on life and health insurance as well as KiwiSaver.
FAL was given a transitional FAP licence by the FMA in March 2021 and issued a full FAP licence in October 2022.
The company was deregistered from the financial services provider register on 6 Nov this year for not being a member of an approved dispute resolution scheme in accordance with the Financial Service Providers (Registration and Dispute Resolution) Act 2008.
The high court put FAL into liquidation on 26 Oct following an application filed by the IRD. The court appointed the official assignee as liquidator.
Click the button below to subscribe and will have free unlimited access for a limited time to full article and all other articles on the site.
You will also be able to comment on articles on Good Returns.
