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Last Article Uploaded: Monday, July 6th, 1:47PM
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FMA: Settlement gives investors more

An $18 million settlement negotiated with the former directors of Hanover Finance, Hanover Capital and United Finance is a better outcome than would have been achieved through court, the FMA says.

Monday, July 6th, 9:59AM

It announced the deal this morning, two weeks before its civil case was due to be heard in court.

The money will be distributed to eligible investors who invested in the Hanover finance companies in the period from December 7, 2007 to July 23, 2008 – the period the FMA says it had the strongest case on, and in which conduct raised the most concerns.

It is believed about 5500 investors are affected but those who feel they may have a claim are asked to contact Deloitte, which will build an investor database ...MORE»

FMA targets investor knowledge

Monday, July 6th, 6:00AM  1 comment

The FMA says it wants to see more investors seeking financial advice.

MORE»

Advice is about relationships, not legislation

Friday, July 3rd, 7:01AM

It will come as no surprise to advisers that a survey of consumers shows that they value their personal relationship more highly than legislative requirements and qualifications.

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Thomas mints mandate with Super Fund

Rebecca Thomas's Mint Asset Management has won a mandate with the NZ Super Fund following AMP Capital's decision to outsource its management.

Thursday, July 2nd, 1:50PM

Since AMP Capital made changes to its business the NZ Super Fund has been running a process to find a new manager for some of its $1 billion-plus New Zealand share portfolio.

Mint won that process and has been appointed to a $150 million active New Zealand equities mandate for the fund.

NZ Super Fund says  there were four things which favoured Mint:

Mint has or is implementing institutional-quality systems and processes ...MORE»

Questions to ask fund managers

Thursday, July 2nd, 5:50AM

For financial advisers and investors the working of fund managers can be a mystery.  Exactly what does a fund manager do – and more importantly, how do they do it?  Part of the issue with understanding fund managers is to know what questions to ask.  

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Dealer groups should be QFEs

Wednesday, July 1st, 5:59AM  15 comments

Insurance dealer groups should become QFEs and take total responsibility for their members’ operations, Kepa chief executive Jeff Page says.

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Mortgage Centre Sponsored by: 

Westpac predicts four OCR cuts this year

Monday, July 6th, 11:06AM

Another three OCR cuts are on the way, thanks to darkening economic clouds, according to one of the major banks. MORE»

Insurance Centre Sponsored by: 

Why Dealer Group QFEs isn't a far-fetched idea

Sunday, July 5th, 3:19PM

The reaction to the idea that dealer groups should or could become QFEs has certainly created some friction. Don't write the idea off...here's why. MORE»

Regulation Sponsored by: 

Qualification questions may cause concerns

Thursday, May 28th, 6:00AM  3 comments

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

People and Events Sponsored by: 

Stanley moves to sharebroker

Monday, July 6th, 11:12AM

The former head of FundSource, Sam Stanley, has finished up at the NZX and will take on a new role as an adviser. MORE»

Deposit Rates Sponsored by: 

General Finance experiencing good growth

Thursday, July 2nd, 2:56PM

General Finance is seeing growth in its business as investors chase good yields. MORE»

KiwiSaver   

KiwiSaver members urged to ponder asset allocation

Tuesday, June 23rd, 2:22PM

Conservative KiwiSaver funds are being tipped to barely outperform cash over the next seven years. MORE»

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Latest Comments
  • FMA targets investor knowledge
    “I’m getting tired of FMA making negative comments about financial advisers. Financial advisers are the key to assisting...”
    5 hours ago by Charity
  • QROPS now trapped in KiwiSaver funds
    “If KiwiSaver schemes have allowed withdrawals for first home purchase and financial hardship contrary to QROPS regulations...”
    6 hours ago by Admin
  • Dealer groups should be QFEs
    “I am happy to concede that the wider definition of wayward may have offended some readers. I apologies if that is the case. My...”
    2 days ago by Jeff Page
  • Is the FMA looking in right places?
    “The real joke is how when large players in the market manage to get the regulator to look away, or to undertake a 'enforceable...”
    3 days ago by Chatterbox
  • Dealer groups should be QFEs
    “The term ‘dealer group’ appears to be loosely used in this discussion. Whilst it’s true that Australian Dealer Groups...”
    3 days ago by Pragmatic
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