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Last Article Uploaded: Thursday, September 29th, 9:06PM
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Hansa potentially another Ponzi

Regulators are not commenting on claims investment firm Hansa potentially a Ponzi scheme.

Thursday, September 29th, 12:47PM

A Ponzi is a scheme where investors are paid from the investments of others, not through real investment returns.

The Financial Markets Authority and Serious Fraud Office said in July they were investigating Paul Clifford Hibbs, and his company, Hansa.

Hibbs offered investment advice services to high-net-worth clients. He was not a registered or authorised financial adviser.

One investor reportedly lost $650,000 with Hansa and told media that, at a meeting last week in Christchurch, about 30 investors were told by the FMA and SFO that there were indications that Hansa might have been a Ponzi scheme, there was no money left to repay them and a prosecution was likely ...MORE»

Getting clarity on market manipulation

Thursday, September 29th, 8:30AM

Guidelines intended to provide brokers with more clarity on market manipulation are currently being worked on by the NZX, it has emerged at the Mark Warminger trial at the Auckland High Court.


Booster KiwiSaver passable, Morningstar says

Thursday, September 29th, 6:00AM  1 comment

Research house Morningstar has given faint praise to the KiwiSaver schemes operated by Grosvenor, now rebranded as Booster.


Fees in dollar terms? Easier said than done

Work is under way to require superannuation savings scheme providers to report on their annual fees in dollar terms – but some providers say that might be harder than some expect.

Wednesday, September 28th, 6:00AM  4 comments

The Financial Markets Authority, Commission for Financial Capability and Ministry of Business, Innovation and Employment are working on a project that could lead to some fund managers being required to change the way they disclose fees.

MBIE financial markets manager James Hartley said the Commerce Minister had commissioned work on annual statement reporting of KiwiSaver, superannuation and workplace savings schemes earlier in the year ...MORE»

Trades get all-clear from 'world leader'

Wednesday, September 28th, 5:59AM  1 comment

A witness described as one of the world’s leading experts in market manipulation is reportedly due to tell the Auckland High Court there was no evidence Mark Warminger’s trading amounted to market manipulation.


Significant disclosure 'still lacking'

Tuesday, September 27th, 6:00AM  4 comments

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


More Headlines
Insurance Review Sponsored by: 

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: 

Partners reinstates up-front commission on health insurance

Thursday, September 29th, 9:24AM

Partners Life had reinstated up-front commissions on health insurance business now that it has completed its capital raising with Blackstone. 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»

People and Events Sponsored by: 

Share adds advisers

Thursday, September 29th, 6:00AM

Adviser group Share has appointed three new advisers. MORE»

Deposit Rates Sponsored by: 

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»


Booster KiwiSaver passable, Morningstar says

Thursday, September 29th, 6:00AM  1 comment

Research house Morningstar has given faint praise to the KiwiSaver schemes operated by Grosvenor, now rebranded as Booster. MORE»

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