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Last Article Uploaded: Tuesday, May 26th, 2:22PM
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Commission, designations, qualifications on review hitlist

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.

Tuesday, May 26th, 1:00PM

The Financial Advisers Act review's issues paper was released today, seeking feedback on a broad range of topics.

Commerce Minister Paul Goldsmith said some of the key questions included whether consumers understood adviser regulation and whether it had unduly reduced access to advice.

The issues paper says regulation is necessary because consumers might otherwise find it hard to determine the quality of advisers ...MORE»

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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Call for education to top FAA review checklist

Tuesday, May 26th, 6:00AM

Any moves to require a higher level of education for financial advisers in the review of the FAA are likely not to go far enough, says Massey University’s director of financial planning.

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Removal of incentive means more work for advisers: Matthews

Financial advisers will have a bigger role to play in the distribution of KiwiSaver now the Government has dropped the $1000 kickstart incentive, a banking expert says.

Monday, May 25th, 6:00AM

It was revealed in the Budget last week that the $1000 will no longer be available to new KiwiSavers.

The payment has been in place since the scheme started in 2007 but was dropped in the Budget this year, effective immediately.

It has cost the Government $2.5 billion in the eight years the scheme has been running.

Massey University banking expert Claire Matthews said the move would initially put some people off signing up ...MORE»

FAA steering group manned by officials

Friday, May 22nd, 6:00AM  2 comments

Financial advisers are not represented on the Financial Advisers Act review steering group.

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[BUDGET] New KiwiSaver members miss out on Kick Start

Thursday, May 21st, 2:10PM

People enrolling in KiwiSaver from now will no longer receive a $1,000 kick-start payment, Finance Minister Bill English says.

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Chinese banks creeping into lending market

Friday, May 22nd, 8:34AM

Some big Chinese banks are starting to set up shop in New Zealand, but what could that mean for the residential mortgage market? MORE»

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New Zealand advisers won't dodge bullet: Rickerby

Tuesday, May 26th, 6:00AM  2 comments

New Zealand financial advisers should be prepared for commission cuts such as those happening in Australia, one adviser who works on both sides of the Tasman says. MORE»

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Time running out for DIMS decision

Wednesday, April 15th, 6:00AM

With less than two months left to make a decision, a number of advisers are still unsure whether they will offer discretionary investment management services (DIMS) as of the second half of this year. MORE»

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NZAM adds to exec team

Thursday, May 21st, 9:11AM

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Warehouse plans bonds offer

Monday, May 4th, 3:10PM

The Warehouse Group today announced it is considering making an offer of new five year unsecured, unsubordinated, fixed rate bonds to refinance its $100 million senior bond maturing on June 15 for general corporate purposes. MORE»

KiwiSaver   

Removal of incentive means more work for advisers: Matthews

Monday, May 25th, 6:00AM

Financial advisers will have a bigger role to play in the distribution of KiwiSaver now the Government has dropped the $1000 kickstart incentive, a banking expert says. MORE»

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