Support for adviser wellbeing is essential - Tremethick

Sam Tremethick.

In this article, Tremethick shares his thoughts on the subject and what AIA is doing to help its staff and advisers.

When a Kiwi seeks financial advice from a professional, they deserve honesty, in-depth knowledge and careful consideration.

To further support this, new legislation came into effect this year to hold financial advisers to new standards of compliance and conduct.

This is a fantastic development that will ultimately help New Zealanders make more trusted and informed decisions, and be better with money.

Despite the positivity around these changes, we need to understand the impact this will have on some advisers and support them through this transition.

From March 2021, the administrative requirements for the profession expanded significantly. Some advisers are saying there is around 30 per cent more work involved than there was this time last year.