Five-year agreement to Connect Sorted and Adviser Directory
Retirement Commission and Financial Advice New Zealand have signed a five-year Memorandum of Understanding (MoU) designed to improve access to professional financial advice, strengthen financial capability, and increase consumer confidence.
The partnership formalises a commitment to support financial wellbeing across life stages, with a particular focus on connecting the Retirement Commission’s Sorted platform with Financial Advice New Zealand’s Find an Adviser Directory.
Clearer pathway from learning to action
Retirement Commissioner Jane Wrightson (pictured left) said the collaboration enhances their mission of empowering Kiwis with trusted financial tools and guidance.
“This partnership builds on our work to empower New Zealanders with trusted information and financial tools and our leadership of the National Strategy for Financial Capability,” Wrightson said.
“By linking the more than 1.4 million people who use Sorted with Financial Advice New Zealand’s professional adviser network, we’re creating a clearer pathway from learning to action.
“Many people aren’t sure when to seek advice – this collaboration helps demystify that decision and shows how valuable quality financial advice can be, while offering a trusted way to find it.”
Shared vision for a more resilient New Zealand
Financial Advice New Zealand chief executive Nick Hakes (pictured right) said the MoU reflects a joint commitment to improving financial wellbeing.
“We’re incredibly excited to formalise this partnership. Our members adhere to the highest standards of professionalism, ethics, and client care in financial advice,” Hakes said. “This partnership represents a meaningful step toward improving financial wellbeing across New Zealand.
“By linking Sorted users with our Find an Adviser Directory, we’re creating a clear and trusted pathway from financial information to professional advice. When people feel more informed and in control of their financial situation, they’re more likely to engage proactively with their finances – and that’s where advisers play a vital role, offering clarity and confidence to help individuals achieve their financial goals.
“We’re proud to work closely with the Retirement Commission to ensure more New Zealanders can access quality financial advice.”
Key initiatives under the MoU
The agreement outlines joint initiatives to:
- Promote the value and accessibility of professional financial advice
- Enhance financial capability through coordinated campaigns, research and resources
- Advance the National Strategy for Financial Capability
- Increase consumer awareness of the benefits of financial advice
The partnership also coincides with the revised Financial Advice Code taking effect on Nov. 1, which shifts expectations on advisers from maintaining to continually developing their competence – a change Financial Advice NZ’s Nick Hakes says better reflects day-to-day practice.
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