Over the past few years the news has been full of stories about Kiwis who have lost their life savings after investing in dodgy finance companies or receiving misleading financial advice.
Today the new financial advisers regime, administered by the Financial Markets Authority (FMA), comes into full force in an effort to restore faith in the finance industry.
You may have heard talk about bonds following last month’s budget.
This week is Financial Awareness Week, organised by the Institute of Financial Advisers.