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162 offer FAA feedback

MBIE says it is pleased with the level of feedback it has received in response to the Financial Advisers Act review issues paper.

Friday, July 31st, 6:00AM

The paper set out the key things that MBIE thinks may be up for discussion in its review of the legislation. It was a lengthy document that asked more than 80 questions. Respondents did not have to offer input on every point.

There were 162 submissions made from organisations and individuals and 249 people responded to the shorter consumer brochure.

MBIE also received feedback through workshops and meetings ...MORE»

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»

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

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

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

In its submission to the Financial Advisers Act issues paper, the PAA says the Code of Professional Conduct, currently only for authorised financial advisers, should apply across the industry.

That would mean RFAs would have to achieve a level five qualification and undertake ongoing professional development, as well as meet higher conduct standards.

But PAA compliance expert Angus Dale-Jones said it would be a benefit to all advisers ...MORE»

FMA drops Capital + Merchant action

Tuesday, July 28th, 12:45PM

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.

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.

MORE»

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Mortgage Centre Sponsored by: 

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....”
    2 days 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. ...”
    2 days 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...”
    3 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...”
    3 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...”
    3 days ago by w k
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