New Zealand Financial Markets Authority consults on terms of reference for a review of access to financial advice

The New Zealand Financial Markets Authority (FMA) has published a consultation document setting out proposed terms of reference for a planned review of access to financial advice in New Zealand, aimed at improving its understanding of how available advice is and where consumers go to obtain it. The review is intended to identify challenges and opportunities affecting consumers’ ability to access quality financial advice. The FMA is seeking feedback from the financial advice industry and other stakeholders, including organisations representing or advocating for consumers and community groups, on four focus areas in the proposed terms of reference and on any additional topics or sources of information that could inform the assessment. Submissions are open until 30 May 2025 via the FMA online portal.