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Financial advice firm gets diversified

Diversified Investment Strategies has split with one director taking her clients to Fisher Funds, leaving the other behind.

Friday, August 1st, 7:07AM

Diversified Funds are closing after one of its two principals decided to move across to Fisher Funds Management.The change has come about partly because Diversified had earlier decided to close the Law Retirement KiwiSaver Funds that it managed.

Good Returns understands the Financial Markets Authority put pressure on Diversified over the scheme’s closure and “suggested” it talk to Fisher about taking over its KiwiSaver funds, otherwise members would be allocated to default providers ...MORE»

Campaign to reduce savings tax

Thursday, July 31st, 10:28AM

New Zealand has some of the highest taxes on retirement savings anywhere in the world, those behind a new campaign to lower them say.

MORE»

Concern at conservative fees

Thursday, July 31st, 6:00AM

Many conservative KiwiSaver funds aren’t delivering returns to justify their fees, Morningstar’s co-head of fund research says.

MORE»

Direct service 'not a move away from IFAs'

AMP says the launch of its new direct offering is not a move away from advisers.

Wednesday, July 30th, 2:35PM  1 comment

After what it says was a successful pilot, it has launched AMP 360, an insurance, mortgage broking and KiwiSaver business offering advice direct to customers.

The AMP 360 team has 14 advisers based in Auckland.

There are plans to open offices in other parts of New Zealand through the rest of this year.

AMP’s general manager of direct sales Nick Scarlett said AMP 360 would complement the existing advice and sales channel ...MORE»

Van Eyk Advice eyes expansion

Tuesday, July 29th, 6:00AM  3 comments

Van Eyk Advice wants to increase its adviser force five-fold over the coming years, its chief executive says.

MORE»

Regulatory issues identified

Monday, July 28th, 6:00AM  1 comment

Concerns about regulatory overlap in the financial services sector and a lack of skilled staff, have been raised in a report on New Zealand’s regulatory regimes.

MORE»

More Headlines
Mortgage Centre Sponsored by: 

Interest rates could fall during the OCR pause

Friday, July 25th, 11:10AM

Interest rates could fall further than the Reserve Bank is comfortable with after the latest OCR announcement, economists say. MORE»

Insurance Centre Sponsored by: 

Partners: No threat to advisers

Thursday, July 31st, 6:00AM

Direct insurance sales are no threat to the adviser force, Partners Life’s Naomi Ballantyne says. MORE»

Regulation Sponsored by: 

Shorter version of return gets green light

Tuesday, July 8th, 6:00AM  3 comments

AFAs will have to answer 40 questions about their businesses each year in Information Returns submitted to the Financial Markets Authority. MORE»

People and Events Sponsored by: 

[Obituary] Peter Hensley

Thursday, July 31st, 12:02PM  15 comments

Long-standing and well-respected adviser Peter Hensley has died. MORE»

Deposit Rates Sponsored by: 

KIPT bonds oversubscribed

Friday, July 11th, 5:02PM

Kiwi Income Property Trust’s offer of seven-year bonds has been oversubscribed. MORE»

KiwiSaver   

Concern at conservative fees

Thursday, July 31st, 6:00AM

Many conservative KiwiSaver funds aren’t delivering returns to justify their fees, Morningstar’s co-head of fund research says. MORE»

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Latest Comments
  • [Obituary] Peter Hensley
    “This news was a shock to me, Henso was so young and full of energy, vitality and words. Peter and I fondly remember our...”
    2 hours ago by Carey Church
  • [Obituary] Peter Hensley
    “Very sad news. One of the real personalities of our industry, and he will be missed....”
    2 hours ago by Thom Bentley
  • [Obituary] Peter Hensley
    “So terribly sad to hear this news. I have very fond memories of Pete and my thoughts go out to his family and friends. Rest...”
    3 hours ago by Yvonne Davie
  • [Obituary] Peter Hensley
    “Very sad to hear of Peter's passing. He was a nice guy and always made time to chat and pass on his wisdom. He will be missed....”
    4 hours ago by Trevor Slater
  • [Obituary] Peter Hensley
    “Peter was always up for a game of golf, a chat and a joke - He will certainly be missed - a good man in all ways...”
    5 hours ago by Fred Dodds
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