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Last Article Uploaded: Monday, May 25th, 3:31PM
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Call for education to top FAA review checklist

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.

Tuesday, May 26th, 6:00AM

Janine Scott said it seemed that the Ministry of Business, Innovation and Employment was moving towards the level five certificate as a minimum standard for all financial advisers.

At the moment, registered financial advisers are not required to have any qualifications. But she said the level five certificate was not a high enough standard.

“Looking at worldwide trends, level five is really not sufficient at all ...MORE»

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.

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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

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

Thursday, May 21st, 2:10PM

“KiwiSaver has been successful in attracting members, with 2.5 million New Zealanders having a KiwiSaver account and together receiving $2.5 billion in kick-start payments since the scheme started in 2007,” English says.

“However, it also has considerable costs for taxpayers. The Government will spend more than $850 million this year on two subsidies – the ongoing government subsidy of up to $521 a year per member and the $1,000 kick-start ...MORE»

AML audit rush feared

Thursday, May 21st, 6:00AM

There are concerns there may be a rush of authorised financial advisers trying to get their AML audits done before the end of next month.

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NZIG turns to crowdfunding

Wednesday, May 20th, 6:00AM

A crowdfunding offer is a way for interested investors to take a share of New Zealand Income Guarantee (NZIG) without having to stump up a $50,000 minimum investment, its chief executive 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

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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