In a week that saw major industry players comment that some in the financial advice community are confused when it comes to meeting the incoming regulations is RiskInfoNZ’s own poll which support the narrative.
This week Naomi Ballantyne, Managing Director of Partners Life, Ryan Edwards of The Adviser Platform, and training firm Strategi, all pointed to signs of a lack of preparedness in the advice sector.
Our survey, launched last week, sought to discover what is having the biggest impact on advice businesses. Top of the list is meeting the incoming industry regulations.
The poll is still open and you can view the latest results below…
Which factor is having the most significant impact on the sustainability of your advice business?
- Meeting incoming industry regulations (44%)
- Cost of providing advice (33%)
- Covid-19 pandemic (8%)
- Technology changes (7%)
- Other factors (5%)
- Recruiting qualified staff (3%)
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