New Zealand IFAs taking 'hairdresser' qualifications

Nigel Tate, president of the Institute of Financial Advisers, expressed his opinions on the Level 5 Certificate in Financial Services, which is required to reach Authorised Financial Adviser (AFA) status. He told the New Zealand Herald the qualification, which advisers must attain by 30 June, is equivalent to "what a hairdresser is required to have". "That's not being mean about hairdressers...