Hon Dr DAVID CLARK (Minister of Commerce and Consumer Affairs): We know many New Zealanders have been doing it tough financially due to COVID-19—for example, a Commission for Financial Capability survey during the nationwide level 4 lockdown found that 66 percent of New Zealanders were financially exposed or in difficulty. This means it's more important than ever that Kiwis are getting financial advice that puts their interests first, and that's why I'm happy to say that consumers seeking financial advice can be assured that their interests will be put first under the new financial advice regime that came into force this week. The new regime will give people greater confidence to seek advice that will help them achieve significant milestones in their lives, such as saving for a first home or planning for retirement.