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Last Article Uploaded: Tuesday, July 7th, 12:38PM
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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

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»

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

MORE»

Milford clients jump ship

Monday, July 6th, 5:55PM

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.

MORE»

FMA: Settlement gives investors more

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.

Monday, July 6th, 9:59AM

It announced the deal this morning, two weeks before its civil case was due to be heard in court.

The money will be distributed to eligible investors who invested in the Hanover finance companies in the period from December 7, 2007 to July 23, 2008 – the period the FMA says it had the strongest case on, and in which conduct raised the most concerns.

It is believed about 5500 investors are affected but those who feel they may have a claim are asked to contact Deloitte, which will build an investor database ...MORE»

FMA targets investor knowledge

Monday, July 6th, 6:00AM  3 comments

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

MORE»

Advice is about relationships, not legislation

Friday, July 3rd, 7:01AM  1 comment

It will come as no surprise to advisers that a survey of consumers shows that they value their personal relationship more highly than legislative requirements and qualifications.

MORE»

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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

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

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   

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»

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Latest Comments
  • 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...”
    19 hours ago by traveller
  • Advice is about relationships, not legislation
    “why do you have spend precious money consultation? business is known to be about relationship for yonks. seriously, if you...”
    21 hours ago by w k
  • Dealer groups should be QFEs
    “Dealer groups have always struggled to provide value.. Insurers assist (at no cost) with training and advice around the points...”
    1 day ago by Backstage
  • FMA targets investor knowledge
    “bravo charity, bravo. ...”
    1 day ago by w k
  • FMA targets investor knowledge
    “I’m getting tired of FMA making negative comments about financial advisers. Financial advisers are the key to assisting...”
    1 day ago by Charity
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