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Last Article Uploaded: Thursday, February 11th, 10:06PM
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Forum attendees agree changes needed

Ministry of Business, Innovation and Employment analysts have a raft of new feedback to consider on the Financial Advisers Act review.

Thursday, February 11th, 6:00AM

An Auckland forum to discuss the FAA review options paper was hosted by the Ministry of Business, Innovation and Employment and the Financial Markets Authority yesterday, and was booked out.

It is to be followed by further events in Wellington and Christchurch.

Attendees were asked to discuss aspects of the review and of the suggestions proposed in the recent options paper.

That included whether all advisers should be required to hold a minimum qualification, undertake CPD, work to the same ethical standards and whether they should be licensed at an entity or individual level ...MORE»

MBIE rates financial advice as a career

Wednesday, February 10th, 6:00AM

Financial advice may be a career with good job prospects for young people because many in the industry are due to retire over the next decade, the Ministry for Business, Innovation and Employment says.

MORE»

Should fund managers invest in their own funds?

Tuesday, February 9th, 8:33AM

Would you buy clothes from a shop whose staff wouldn’t be seen wearing their own brand?  Or dine at a restaurant where the chef wouldn’t want to eat?  Would you think twice about investing in a company’s shares where the CEO doesn’t want to invest?   So how do you feel about investing in a fund where the portfolio manager chooses not to invest?

MORE»

Banks cut cash PIEs to half OCR

Low interest rates on offer from the four main banks’ cash PIE funds are likely just an indication of the tough times for people surviving on money in the bank, one commentator says.

Tuesday, February 9th, 6:00AM

The rates for the on-call funds have come down this month to as little as 1.25% for ANZ and BNZ. ASB is offering 1.4% through to 1.5% for those with more to invest and Westpac offers 1.5%.

But RaboDirect is offering 2.25% and Kiwibank will match that with its bonus rate.

The PIE structure caps the rate of tax paid at 28%, which means those who have a personal tax rate of 30% or more get a better equivalent return from the fund than they would in a non-PIE vehicle paying the same rate of interest ...MORE»

Banks cut cash PIEs to half OCR

Tuesday, February 9th, 6:00AM

Low interest rates on offer from the four main banks’ cash PIE funds are likely an indication of the tough times for people surviving on money in the bank, one commentator says.

MORE»

RAM investors return profits

Friday, February 5th, 11:16AM

Ross Asset Management investors have agreed to return profits they received from the fraudulent fund manager rather than go through a court battle trying to keep them.

MORE»

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Insurance Review Sponsored by: 

Advertising of soft-dollar tempters not a good look

Thursday, December 17th, 6:00AM

New Zealand’s insurance industry is focusing too much on soft commissions, which will not do anything to improve its standing in the eyes of consumers, it has been claimed. MORE»

Mortgage Centre Sponsored by: 

ASB reports record half

Wednesday, February 10th, 11:49AM

ASB has delivered a record half-year profit, backed by strong lending growth although competitive forces kept pressure on lending margins. MORE»

Insurance Centre Sponsored by: 

Payouts top $1.1 billion again

Wednesday, February 10th, 9:15PM  1 comment

New Zealanders were paid $1.132 billion for personal insurance claims in the year ended December 2015, Financial Services Council (FSC) statistics show. MORE»

Regulation Sponsored by: 

Worry code changes slipping under radar

Friday, February 5th, 6:00AM

There is concern that changes to the Code of Professional Conduct for Authorised Financial Advisers, due to take effect this year, may have slipped under the radar for AFAs amid the bigger review of the Financial Advisers Act. MORE»

People and Events Sponsored by: 

Mint adds analyst to its team

Tuesday, February 9th, 3:25PM

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Deposit Rates Sponsored by: 

Banks cut cash PIEs to half OCR

Tuesday, February 9th, 6:00AM

Low interest rates on offer from the four main banks’ cash PIE funds are likely just an indication of the tough times for people surviving on money in the bank, one commentator says. MORE»

KiwiSaver   

Milford passes $500m mark in KiwiSaver

Tuesday, February 9th, 1:17PM

Milford has amassed more than $500 million in its KiwiSaver funds. MORE»

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