Following the weekend’s General Election in New Zealand, the FSC has congratulated the incoming National-led government.
The final result will not be known until Friday 3 November as more than 500,000 special votes are still to be counted – meaning there is a level of uncertainty as to whether NZ First will help form the next government along with the Act Party.
Katrina Shanks, CEO Financial Advice NZ says the organisation is looking forward to working closely with the new government to “…ensure the legislative framework has the right settings so we can continue to build public trust in the financial services sector”.
Richard Klipin, FSC CEO, says the financial services sector looks forward to a constructive and collaborative working relationship with the new Government.
“We believe there are many opportunities to further strengthen the financial confidence and wellbeing of Kiwis,” he says.
“Prime Minister-elect Christopher Luxon set a number of clear policy signals for the financial services sector at our annual conference in August. The FSC will work constructively with his Government to ensure new policy settings are well informed by the collective expertise of the industry.”
Klipin says the most pressing issue for Kiwis is the rising cost of living, which needs addressing for both the short and long term.”
Research the FSC launched last month revealed younger Kiwis are finding it harder to cope with the current cost of living.
What impact do you think the change of Government will have on the financial advice sector:
- A positive impact (64%)
- Little-to-no change (19%)
- Not sure yet (14%)
- A negative impact (3%)
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