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Last Article Uploaded: Wednesday, October 14th, 1:16PM
Latest Headlines

Industry not happy with RFAs

Participants right across New Zealand's financial services sector would like to see an end to registered financial advisers.

Wednesday, October 14th, 6:01AM  1 comment

The Ministry of Business, Innovation and Employment has made public the 164 submissions it received on the Financial Advisers Act review issues paper.

There are a number of themes that stand out. One is the complexity of the current regime, which divides advisers up into registered (RFA), authorised (AFA) and qualifying financial entity (QFE) advisers.

Many submissions want the distinctions dropped ...MORE»

Russell sale positive for NZ, managing director says

Wednesday, October 14th, 6:00AM

Russell Investments’ sale to two US private equity companies will not affect its dealings with the financial adviser market, its managing director says.


Advisers question value of multiple memberships

Tuesday, October 13th, 6:00AM

Advisers say closer collaboration between professional associations may be reducing the incentive to be a member of more than one.


Hundreds offer FAA review input

Hundreds of people have made their views on the Financial Advisers Act heard.

Monday, October 12th, 6:00AM

A Ministry of Business, Innovation and Employment spokeswoman said it had received 164 submissions in response to the recent issues paper, from organisations and individuals.

Another 249 people responded to the shorter consumer brochure the Ministry put out.

“We also received a large amount of feedback from interested groups during workshops and meetings,” she said.

It is expected that an options paper will be released next month ...MORE»

FADC investigations near completion

Friday, October 9th, 6:00AM

FMA is close to finishing its investigation into two advisers.


NZ Super Fund lauds active management strategies

Thursday, October 8th, 6:00AM

NZ Super Fund’s tilting investment strategy has been the main contributor to it beating the market.


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More OCR cuts likely – despite housing concerns

Wednesday, October 14th, 11:15AM

Global economic concerns mean more “easing” of the OCR is likely, even though this could further fuel the already-hot housing market, the Reserve Bank Governor has said. MORE»

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MJW suggests end to overrides

Tuesday, October 13th, 12:00PM  3 comments

Questions are being asked about whether insurance broker dealer groups will survive if recommendations suggested by a report into the insurance industry are adopted. MORE»

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Hundreds offer FAA review input

Monday, October 12th, 6:00AM

Hundreds of people have made their views on the Financial Advisers Act heard. MORE»

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AMP hires property manager

Tuesday, October 13th, 8:25PM

AMP Capital has appointed Nick Cobham portfolio manager of the AMP Capital Property New Zealand portfolio. MORE»

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Big boost for Harmoney

Friday, September 25th, 11:15AM

International peer-to-peer operator P2P Global Investments has agreed to provide up to $200 million of lending capital to Harmoney, which will be used to support continued growth in the New Zealand market and the upcoming Australian operation. MORE»


KiwiSaver too passive

Wednesday, October 14th, 11:28AM

New Zealanders are being too passive about their potential KiwiSaver earnings, according to analysis released by KPMG. MORE»

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Latest Comments
  • MJW suggests end to overrides
    “I agree 110% with your comments Majella like you I get a lot of services and support from my dealer group and knowing they...”
    1 hour ago by The Oracle
  • MJW suggests end to overrides
    “I suspect reductions wont go far enough for at least one major insurer. I note that in the recently released FAA Review submissions...”
    3 hours ago by guscott
  • Industry not happy with RFAs
    “Not sure why a quote springs to mind: “The nine most terrifying words in the English language are, 'I'm from the government...”
    8 hours ago by NormanStacey
  • MJW suggests end to overrides
    “Many Dealer Groups do a great job in supporting advisers & growing their business (Kepa & Solutions in particular). If...”
    1 day ago by Majella
  • Milestone gets military contract
    “Well done to Milestone, Strategi and NZDF for working out how to deliver a mass advice solution that presumably works for...”
    7 days ago by MPT Heretic
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