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Getting to know...Peter Leitch

Peter Leitch isn't the Mad Butcher, but he sure knows how to cut and dice an investment portfolio.

Friday, May 29th, 10:00AM  2 comments

Who are you and what do you do?

Peter Leitch and I have been providing financial advice since 1994.

 

How did you get into the advisory industry?

Blind ad in The Dominion at a time that I was bored and disillusioned with my first job out of university.  I called and it was Prudential.  I then had the determination to stick at it and grow my business by referrals.

You studied politics and worked up at Parliament ...MORE»

Did issues paper miss opportunities?

Friday, May 29th, 6:00AM  1 comment

This week’s Financial Advisers Act review issues paper raises a number of important points but misses some too, the PAA’s compliance expert says.

MORE»

Qualification questions may cause concerns

Thursday, May 28th, 6:00AM  1 comment

A crackdown on adviser qualification requirements could prompt some to leave the industry, it has been claimed.

MORE»

FAA review issues paper welcomed

There’s praise for the Financial Advisers Act review issues paper, which is being described as wide-ranging and asking the right questions about the regulation of the industry.

Wednesday, May 27th, 6:02AM

The paper was released yesterday and sets out three proposed goals for financial advice regulation: To give consumers the information they need to find and choose a financial adviser, to make advice accessible and to give the public confidence in the professionalism of advisers.

The 66-page paper asks a range of questions including about commission, qualification requirements, adviser designations, personalised versus class advice, disclosure, professional bodies and the cost of compliance ...MORE»

Risk adviser's guide to the FAA review

Wednesday, May 27th, 6:01AM

The Issues Paper for the Review of the Financial Advisers Act 2008 and the Financial Service Providers (Registration and Dispute Resolution) Act 2008 is now out.

MORE»

Commission, designations, qualifications on review hitlist

Tuesday, May 26th, 1:00PM  5 comments

Regulation of financial advisers in New Zealand should have three key goals, the Ministry of Business, Innovation and Employment says:  To give consumers the information they need to find and choose a financial adviser, to make advice accessible and to give the public confidence in the professionalism of advisers.

MORE»

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ASB records bumper lending in first quarter

Thursday, May 28th, 12:37PM

ASB reported strong lending in the three months to March this year, and the bulk of that has come from borrowers with more than 20% equity in their loans. MORE»

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FMA starts major investigation into churn

Friday, May 29th, 6:00AM  1 comment

The Financial Markets Authority has launched a massive investigation into life insurance churn using special powers it has under law. MORE»

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Qualification questions may cause concerns

Thursday, May 28th, 6:00AM  1 comment

A crackdown on adviser qualification requirements could prompt some to leave the industry, it has been claimed. 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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Latest Comments
  • FMA starts major investigation into churn
    “Does anyone know if the Banks are included in this fishing exercise? And how will the FMA be able to differentiate between...”
    21 hours ago by I was wondering
  • Getting to know...Peter Leitch
    “And a thoroughly nice guy to boot. "Good on yer, Peter! We need more advisers of your ilk" (Wonder how many will scurry...”
    22 hours ago by Robert Oddy
  • Did issues paper miss opportunities?
    “This response is an attempt to get some debate going here. Angus is reported as making 3 major points here. I would grade...”
    22 hours ago by Murray Weatherston
  • Getting to know...Peter Leitch
    “Never met the Mad Butcher, I am sure he is a nice chap. I have met this Peter Leitch and he is definitely a nice chap; and...”
    22 hours ago by Giles Thorman
  • New Zealand advisers won't dodge bullet: Rickerby
    “The reality is and any decent broker knows it, Life Insurance is more of a commodity these days with guarantees of upgrade...”
    1 day ago by Mark Ogden
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