What is a financial service?
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Some examples of common financial services are:
- providing financial advice (including financial planning)
- mortgages, saving and cheque accounts, and loans – services your bank, building society or credit union may offer
- insurance – including life, health, home/contents, and vehicle
- money management and/or advice
- investment management and/or advice
- consumer loans and credit – such as a retailer selling an item on credit or providing a cash loan
- foreign currency exchanges – whether buying or selling
- money transfers.
The legal definition of financial services is provided in section 5 of the Financial Service Providers (Registration and Dispute Resolution) Act 2008.
Related links
- Who must register as a financial service provider?
- Authorisation of financial advisers
- Code Committee for Financial Advisers
![[image] flowchart icon portlet.](http://www.business.govt.nz/fsp/image-library/Flowchart.jpg)
![[image] registration guides.](http://www.business.govt.nz/fsp/image-library/resources/rules-is-rf.gif)
