Submissions close on code draft
The revised draft was issued earlier in the month after extensive public consultation.
It includes changes designed to increase the importance of code standard one, which requires advisers to put clients’ interests first, and moves to allow AFAs who have not completed investment qualifications to advise on KiwiSaver’s first-home withdrawal option.
Code committee chairman David Ireland said there had been about 10 submissions in response to the revised code. Most had been informal but a couple were more detailed submissions.
He said the committee would take them on board and reflect on the feedback. The committee had also been monitoring industry feedback via news media, he said.
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