Should The FMA Recognise Aussie Qualifications?

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Should financial advisers with qualifications obtained in Australia be able to circumvent the training required of advisers in New Zealand?

  • No (63%)
  • Yes (19%)
  • Not sure (19%)

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The FMA is looking for feedback on its proposal to recognise Australian adviser qualifications.

If the idea is adopted it would mean suitably qualified advisers from across the Ditch could work in New Zealand from 15 March next year.

“There is demand from time to time from individual Australian financial advisers to work in New Zealand,” says the regulator. “Some Australian qualifications are equivalent to, or exceed, the standards of competence, knowledge and skill that will apply in New Zealand under the code.”

While the FMA is calling for feedback on the idea until 20 November, you can make your view known today in our latest poll.