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Massey calls for Act overhaul

Industry regulations are cumbersome and reduce the number of advisers operating in the New Zealand market, a group of Massey University academics say.

Thursday, July 30th, 6:00AM

Claire Matthews, Michael Naylor and Janine Scott have made a submission in response to the Financial Advisers Act review issues paper.

They say adviser professionalism is the most important aspect for the Act to address.

"True professions are marked by high education standards and clear ethical guidelines, which are embedded in behaviour, so outside control can be minimised. For financial advice to be viewed as a profession, regulatory policies should aim to set the same rules of conduct for all who hold the title of ‘adviser' ...MORE»

Silver ratings for AMP KiwiSaver

Thursday, July 30th, 6:00AM

Morningstar has given silver ratings to a range of AMP KiwiSaver funds.

MORE»

RFAs backing call for one law for all

Wednesday, July 29th, 6:00AM  1 comment

The PAA wants one set of standards for all financial advisers - but it says it has the backing of its RFA members.

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FMA drops Capital + Merchant action

A civil claim against Capital + Merchant Finance was unlikely to recover more of investors' money, the FMA said today as it announced it had stopped the proceedings.

Tuesday, July 28th, 12:45PM

In 2009, the Securities Commission laid criminal charges against five directors: Neal Nicholls, Owen Tallentire, Colin Ryan, Wayne Douglas and Robert Sutherland, under the Securities Act.

These charges related to untrue statements in offer documents distributed in 2006.

At the same time, civil proceedings were filed against four of the directors - Nicholls, Tallentire, Ryan, and Sutherland - seeking declarations of civil liability and civil pecuniary penalties ...MORE»

Barnes' firm launches roboadvice offer

Tuesday, July 28th, 6:00AM

A new roboadvice solution targeted at investors who do not want to pay for advice is being rolled out in Australia by a firm that has a New Zealand-based businessman at its helm.

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Pathfinder banks on property

Monday, July 27th, 6:46AM

Pathfinder has passed the $100 million mark in funds under management and launched its fourth fund.

MORE»

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More OCR cuts are on the way - RBNZ

Wednesday, July 29th, 10:32AM

The Reserve Bank has confirmed that further OCR cuts are likely to be needed. MORE»

Insurance Centre Sponsored by: 

Cheap policies capture younger clients: HFANZ

Tuesday, July 28th, 6:00AM

More young New Zealanders are taking out health insurance policies, new Health Funds Association figures show. MORE»

Regulation Sponsored by: 

Massey calls for Act overhaul

Thursday, July 30th, 6:00AM

Industry regulations are cumbersome and reduce the number of advisers operating in the New Zealand market, a group of Massey University academics say. MORE»

People and Events Sponsored by: 

Lawyer appointed to bank board

Wednesday, July 29th, 9:55PM

SBS has appointed Dunedin-based lawyer Anne McLeod to its board of directors. 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   

ANZ calls for action on women's savings

Thursday, July 30th, 6:01AM

ANZ is calling on other employers to do their bit to help women achieve better outcomes through KiwiSaver. MORE»

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Latest Comments
  • PAA axes holiday homes scheme
    “I wish I had found this discussion before. I'm surprised the mainstream media aren't tearing the PAA to shreds over this....”
    17 hours ago by drelly
  • RFAs backing call for one law for all
    “A large number of RFA's had already accepted and operated under the Code's standards, so I for one totally agree. ...”
    24 hours ago by Referee
  • FSC: All advisers should be equal
    “Tash and Gavin, Thank you! Sales, yes there is an element in every product or service ever paid for, and some that aren't...”
    2 days ago by RiskAdviser
  • FSC: All advisers should be equal
    “This is an interesting debate. It pretty much highlights the state of financial ‘advice’ here and around the world. The...”
    2 days ago by AFA Muggins
  • FSC: All advisers should be equal
    “i started in the life & general insurance industry in the early 80s. was told - life insurance is sold and not bought. it...”
    2 days ago by w k
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