New Zealand’s wealth gap is already growing at an alarming rate. Rupert Carlyon shares his thoughts on how do we make sure new advice regulation doesn't make it worse.
New Zealand’s financial advice regime recently went through a massive change with new regulation coming in to make the financial advice regime fairer and safer for customers. But this change will also result in increased process and costs, which will reduce the availability of advice for everyday Kiwis. For a low-cost product like KiwiSaver, the impacts might be especially severe.