We thank the Ministry of Business, Innovation and Employment for the opportunity to submit on the consultation for proposed licensing fees in the new financial advice regime.

We would like to highlight the need for regulators to be aware of all the regulatory costs of providing financial advice to ensure collectively they are not a barrier for new market participants and single adviser businesses.

Overall, we are supportive of the new fee structure however, have some recommendations and concerns related to the new structure.

To read the full submission click here.