About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   depositrates.co.nz  |   landlords.co.nz
Last Article Uploaded: Tuesday, July 7th, 8:27PM
Latest Headlines

Advisers may miss their chance: Cortesi

Many financial advisers are not taking the review of the Financial Advisers Act seriously enough, the president of the PAA says.

Tuesday, July 7th, 6:00AM  1 comment

The association has announced it is holding a summit this month, on the accessibility of advice.

The summit will be a forum for discussion and development of recommendations for the FAA review across a number of areas, including closing the gap between expected behaviour and practice standards for all advisers, commission practices, replacement business, and the standards that apply to QFE staff.

PAA president Bruce Cortesi said the industry seemed to be stuck on some of the smaller issues that the review was seeking to address, and not considering the bigger picture ...MORE»

Scrap designations and replace with advisers and sales people

Tuesday, July 7th, 6:00AM

The current designations for financial advisers should be scrapped and replaced with two new groups, advisers and distributors, Barry Read says.


Sovereign confirms Select sale

Tuesday, July 7th, 5:34AM

Sovereign has finally confirmed its intention to sell its Select Wealth Management service to JMIS, as first reported by Good Returns


Milford clients jump ship

A $1.5 million settlement with the FMA has not been the only blow to Milford Asset Management as a result of the investigation into alleged market manipulation.

Monday, July 6th, 5:55PM

It has been revealed today that the manager has lost five wholesale clients, including financial services firm Mercer.

Milford has over $3 billion under management, including KiwiSaver funds.

The Milford portfolio manager involved in the FMA investigation was not a party to the recent settlement and is still facing enforcement action from the FMA. 

Managing director Anthony Quirk told media the five clients had withdrawn $130 million ...MORE»

FMA: Settlement gives investors more

Monday, July 6th, 9:59AM

An $18 million settlement negotiated with the former directors of Hanover Finance, Hanover Capital and United Finance is a better outcome than would have been achieved through court, the FMA says.


FMA targets investor knowledge

Monday, July 6th, 6:00AM  3 comments

The FMA says it wants to see more investors seeking financial advice.


More Headlines
Mortgage Centre Sponsored by: 

Falling business confidence points to... OCR cuts

Tuesday, July 7th, 12:34PM

A sharp decline in business confidence has led ASB to formally join the economists predicting three more OCR cuts by the end of the year. MORE»

Insurance Centre Sponsored by: 

Why Dealer Group QFEs isn't a far-fetched idea

Sunday, July 5th, 3:19PM  1 comment

The reaction to the idea that dealer groups should or could become QFEs has certainly created some friction. Don't write the idea off...here's why. MORE»

Regulation Sponsored by: 

Qualification questions may cause concerns

Thursday, May 28th, 6:00AM  3 comments

A crackdown on adviser qualification requirements could prompt some to leave the industry, it has been claimed. MORE»

People and Events Sponsored by: 

Obituary - Bob Edwards

Tuesday, July 7th, 9:43AM  1 comment

Well-known South Canterbury adviser Bob Edwards passed away recently. John Wood has kindly penned this Obituary. MORE»

Deposit Rates Sponsored by: 

General Finance experiencing good growth

Thursday, July 2nd, 2:56PM

General Finance is seeing growth in its business as investors chase good yields. MORE»


KiwiSaver members urged to ponder asset allocation

Tuesday, June 23rd, 2:22PM

Conservative KiwiSaver funds are being tipped to barely outperform cash over the next seven years. MORE»

News Bites
Previous News


Latest Comments
  • QROPS now trapped in KiwiSaver funds
    “Can anyone spot the "enlightened self interest" of the allegedly QROPS compliant non-KiwiSaver scheme who gouges 4 or 5%...”
    11 hours ago by Mr Mojo
  • Obituary - Bob Edwards
    “Bob always worked for improved services, support and terms for the members of the Triple A with the Insurance companies and...”
    13 hours ago by T
  • Advisers may miss their chance: Cortesi
    “A small step an adviser can take right now to improve access to professional advice is to promote consumer access to their...”
    13 hours ago by Stuart Ayres
  • Why Dealer Group QFEs isn't a far-fetched idea
    “The concept of a DG performing as an agent of the FMA monitoring RFAs might have merit, but, the QFE model is not the way...”
    15 hours ago by Graeme Lindsay
  • FMA targets investor knowledge
    “So it looks as if the FMA are going into giving financial advice in competition with professional advisers. Will the FMA...”
    1 day ago by traveller
Subscribe Now

Weekly Wrap

Most Commented On
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
Site by Web Developer and eyelovedesign.com