FSC welcomes Govt consultation

“These latest options papers are important as they speak to improving financial services across the entire sector for the benefit and wellbeing of consumers, and are wide-ranging in their scope," said chief executive Richard Klipin.

“We are committed to driving great consumer outcomes, helping consumers better manage risk and being part of the solution to support New Zealanders grow, manage, and protect their wealth."

He said the organisation would consider the proposals in detail before providing a repsonse to the Government.

"The industry takes culture and conduct matters very seriously and we are currently working on a range of measures aimed at lifting standards across the industry and ultimately building publictrust and confidence in the sector.