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Last Article Uploaded: Thursday, May 28th, 8:47PM
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Did issues paper miss opportunities?

This week’s Financial Advisers Act review issues paper raises a number of important points but misses some too, the PAA’s compliance expert says.

Friday, May 29th, 6:00AM

Angus-Dale Jones, PAA board member and NZAM head of compliance, said the goals the paper identified to drive the review of the legislation would be vital to the direction it took.

The paper says the goal for financial advice is that consumers have the information they need to choose an adviser, advice is accessible and public confidence in advisers is promoted.

But Dale-Jones said this was too much of a “one-size-fits-all” approach and did not consider the possibility that many consumers did not want a full financial plan each time they sought advice ...MORE»

Qualification questions may cause concerns

Thursday, May 28th, 6:00AM

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


FAA review issues paper welcomed

Wednesday, May 27th, 6:02AM

There’s praise for the Financial Advisers Act review issues paper, which is being described as wide-ranging and asking the right questions about the regulation of the industry.


Risk adviser's guide to the FAA review

The Issues Paper for the Review of the Financial Advisers Act 2008 and the Financial Service Providers (Registration and Dispute Resolution) Act 2008 is now out.

Wednesday, May 27th, 6:01AM

If you are reading this then your career is probably based in this industry – that being the case you should read the review document. Making notes as you go it may take you a couple of hours. They are worth spending.

The review document is clear, accessible, and the review is working on all the right issues, including:

• Whether the laws are serving the needs of consumers

• Whether the goal of increasing professionalism in financial advice is being achieved, and discussions of education standards

• Concerns about the labelling or designations of financial advisers

• Whether there is sufficient distinction between advice and sales

• Managing conflicts – especially commission, and whether it should be banned or restricted

• The balance between access to advice for consumers and the quality of advice provision

From the Minister’s introduction to the step-by-step presentation of the sometimes conflicting goals or issues the document is good ...MORE»

Commission, designations, qualifications on review hitlist

Tuesday, May 26th, 1:00PM  5 comments

Regulation of financial advisers in New Zealand should have three key goals, the Ministry of Business, Innovation and Employment says:  To give consumers the information they need to find and choose a financial adviser, to make advice accessible and to give the public confidence in the professionalism of advisers.


Issues paper on FAA review out

Tuesday, May 26th, 10:16AM

Commerce Minister Paul Goldsmith has released for discussion an Issues Paper 


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Qualification questions may cause concerns

Thursday, May 28th, 6:00AM

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

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Thursday, May 21st, 9:11AM


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Warehouse plans bonds offer

Monday, May 4th, 3:10PM

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Removal of incentive means more work for advisers: Matthews

Monday, May 25th, 6:00AM

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