Submission on personalised digital advice

The IoD made a submission to the FMA on the proposed exemption to enable personalised digital advice (also known as robo-advice).

The exemption is a temporary measure to allow financial advisor entities to provide personalised digital services to retail clients.

As part of the application process for the exemption, entities will need to include good character declarations from their directors and senior managers.

Our submission focuses on this aspect of the exemption process.