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Last Article Uploaded: Tuesday, September 27th, 12:58PM
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Significant disclosure 'still lacking'

Investors and advisers are still being kept in the dark about significant components of fund managers’ fees, it has been claimed.

Tuesday, September 27th, 6:00AM

Managers are transitioning to the new Financial Markets Conduct and the FMA released a guidance note in May on how they should manage their fee disclosure requirements.

But adviser Brent Sheather said despite the move to a new, standardised product disclosure statement, which includes more explicit detail about typical fees charged to investors, there were still significant costs not being disclosed ...MORE»

Warminger faces $1m penalty per trade

Monday, September 26th, 2:32PM  1 comment

The Financial Markets Authority’s case against a Milford Asset Management portfolio manager accused of market manipulation has begun.


Commission ban 'errant nonsense'

Monday, September 26th, 6:00AM  1 comment

New Zealand advisers are backing a prediction that there will be a global ban on commission within five years – but one fund manager has described it as "nonsense”.


Westpac keeping eye on Australian sales incentive change

Westpac is removing sales incentives for its frontline staff in Australia as part of its work to rebuild trust with customers – but says the situation is different in New Zealand.

Monday, September 26th, 6:00AM

It was revealed this week that the bank wanted to change practices that could be seen to be creating conflicts of interest.

From October, Westpac in Australia will replace its system of rewarding tellers for the number of referrals they make to sales staff. Instead, their incentives will be tied to customer feedback about service quality.

A New Zealand spokeswoman said the change would not apply in this country ...MORE»

Invitation to IML’s new Listed Investment Company (QV Income) pre IPO briefing

Sunday, September 25th, 6:00PM


All systems go for NZ economy

Friday, September 23rd, 6:00AM

New Zealand’s economy could be set for another surge as it benefits from the very things worrying the rest of the world, an investment conference has been told.


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Industry must face up to trend for commission regulation

Friday, July 15th, 11:51AM  7 comments

Massey University's Michael Naylor discusses the FMA's report on insurance replacement business. MORE»

Mortgage Centre Sponsored by: 

Carr steps down as RBNZ chair

Tuesday, September 27th, 12:57PM

Former acting governor Rod Carr has stepped down as chair of the Reserve Bank board of directors. MORE»

Insurance Centre Sponsored by: 

Concern non-underwritten products not well explained

Monday, September 26th, 6:00AM

A lack of information may have caused some customers to take out expensive, non-underwritten insurance policies, when they would easily have qualified for normal cover, it has been claimed. MORE»

Regulation Sponsored by: 

Call for more scrutiny of regulators

Monday, August 15th, 5:59AM  2 comments

Financial services providers are becoming ever more familiar with the Financial Markets Authority in its industry oversight role – but who is keeping an eye on the regulators? MORE»

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New additions to Camelot team

Tuesday, September 27th, 12:52PM

Camelot has appointed two new faces. MORE»

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Term deposits offered via Consilium platform

Thursday, August 18th, 6:00AM

A new term deposit offer on the Consilium platform is another way for advisers to ring-fence their clients’ financial needs and boost their value proposition, the firm says. MORE»


Craigs schemes get rebrand

Wednesday, September 21st, 6:00AM

Craigs Investment Partners is renaming both its KiwiSaver schemes in a bid to improve clarity for consumers. MORE»

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