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flag ASIC and NZ FMA address financial advice challenges, focusing on protection and innovation.

flag At the Conexus Financial Summit, ASIC Commissioner Alan Kirkland highlighted challenges in financial advice, focusing on consumer protection and the need for high-quality advice. flag He announced a Simplification Consultative Group to tackle regulatory complexity. flag Meanwhile, New Zealand's FMA voiced concerns that strict compliance may limit advice availability and is testing innovative financial services through a regulatory sandbox. flag Both aim to improve financial advice and protect consumers.

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