About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   depositrates.co.nz  |   landlords.co.nz
Last Article Uploaded: Tuesday, December 23rd, 6:19AM
Latest Headlines

Grosvenor drops DIMS bid

Grosvenor Financial Services has done a u-turn and dropped its plans to apply for DIMS licence after saying it could be a leader in this space and running roadshows for advisers on its proposed DIMS solution.

Monday, December 22nd, 6:00AM

Fund manager Grosvenor has opted not to apply for a DIMS licence under the new Financial Markets Conduct Act regime.

Head of investment David Beattie said it had become clear that the legislation was crafted for financial adviser groups and financial advisers and required the DIMS licensee to have significant involvement in ensuring client objectives matched the model portfolios proposed.

“That’s the role of the adviser ...MORE»

FMA: Mount was pre-regulation

Monday, December 22nd, 5:59AM  1 comment

A Nelson adviser who ripped off his clients was operating at a time of much less stringent regulation, the Financial Markets Authority says.


[Weekly Wrap] What do you offer clients?

Friday, December 19th, 3:00PM

In the final Weekly Wrap of the year we look at the question: What is your unique selling point to clients? Or, put another way; What do you offer clients? It's a good question you could answer now or contemplate over the holidays. But first of all we look at exchange traded funds.


Advisers fear fraud backlash

A high-profile Nelson adviser jailed for fraud is proof that more rules aren’t the answer to stop crooks, one industry body says.

Friday, December 19th, 10:05AM

Tony Mount was this week sentenced to six years and nine months prison, after being found guilty of 74 fraud counts.

He ran Independent Financial Consultants in Nelson.

Mount was arrested in September 10. Over a decade, he stole more than $500,000 from 18 complainants by inflating the purchase price of investments bought on their behalf and deflating the sale price of those sold or redeemed.

In a separate civil case, he has been ordered to pay $2 ...MORE»

FMA warns about pension transfer ads

Thursday, December 18th, 2:07PM

FMA is warning aboutf potentially misleading advertising that may make people feel 'press-ganged' into transferring UK pension scheme entitlements to New Zealand.



QFEs call for simplification

Thursday, December 18th, 6:00AM  4 comments

New Zealand’s qualifying financial entities (QFEs) want to see some simplification of regulation when the Financial Advisers Act is reviewed.


More Headlines
Mortgage Centre Sponsored by: 

'All power to the consumers'

Thursday, December 11th, 10:30AM

There's good news for property owners in the latest official cash rate announcement: Mortgage rates look set to stay low for some time yet. MORE»

Insurance Centre Sponsored by: 

Who should worry about the FMA's focus on churn?

Sunday, December 14th, 2:28PM


Regulation Sponsored by: 

10% miss Information Return deadline

Thursday, October 2nd, 6:00AM

Ninety per cent of the inaugural AFA information returns were submitted on time. MORE»

People and Events Sponsored by: 

Milner moves on

Tuesday, December 23rd, 6:00AM

John Milner has sold his stake in Britannia Financial Services to branch out on his own. MORE»

Deposit Rates Sponsored by: 

KIPT bonds oversubscribed

Friday, July 11th, 5:02PM

Kiwi Income Property Trust’s offer of seven-year bonds has been oversubscribed. MORE»


Funds get fee warning

Monday, December 15th, 6:00AM

There’s a suggestion New Zealand KiwiSaver schemes could face a fee crackdown similar to that being suggested in Australia. MORE»

News Bites
Previous News


Latest Comments
  • FMA: Mount was pre-regulation
    “Surely the lesson to be learned centres on whether the current regulatory regime would have detected and/or prevented this...”
    19 hours ago by dcwhyte
  • QFEs call for simplification
    “I believe that all advisers should personally be registered or licensed for the services that they provide. Whether working...”
    4 days ago by I was wondering
  • Fund brings active and passive together
    “Hi Brent Sheather Not sure if SmartShares website is accurate or not but the 3.2% & 2.8% relate to the NZX Midcap (to...”
    4 days ago by noidea
  • Fund brings active and passive together
    “Hi Bobby WTF indeed but the WTF should be directed to MJW who may well be on serious drugs. SmartFONZ actually returned,...”
    4 days ago by Brent Sheather
  • Fund brings active and passive together
    “I don't read MJW but FundSource correctly has FNZ ETF returning 2.8% for the Sept quarter. Happy to send you a copy of the...”
    4 days ago by samstanley
Subscribe Now

Weekly Wrap

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