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Issues paper on FAA review out

Commerce Minister Paul Goldsmith has released for discussion an Issues Paper 

Tuesday, May 26th, 10:16AM

Commerce and Consumer Affairs Minister Paul Goldsmith released an Issues Paper for public consultation today, as part of a review aimed at improving financial advice legislation.

“The Government is reviewing the Financial Advisers Act and the Financial Service Providers Act, which aim to increase consumer confidence in financial advisers and the advice they give, so that people can make informed investment decisions,” Mr Goldsmith says ...MORE»

Call for education to top FAA review checklist

Tuesday, May 26th, 6:00AM

Any moves to require a higher level of education for financial advisers in the review of the FAA are likely not to go far enough, says Massey University’s director of financial planning.

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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.

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FAA steering group manned by officials

Financial advisers are not represented on the Financial Advisers Act review steering group.

Friday, May 22nd, 6:00AM  2 comments

An issues paper for the review is due over the coming weeks but reportedly has to go to Cabinet before it can be distributed.

The Ministry of Business, Innovation and Employment (MBIE) policy and subject matter experts will review submissions and provide policy advice and analysis with their final recommendations to the Minister by July 2016 on changes, if any, to the Acts.

An MBIE spokeswoman said his is a standard approach for reviews of this nature ...MORE»

[BUDGET] New KiwiSaver members miss out on Kick Start

Thursday, May 21st, 2:10PM

People enrolling in KiwiSaver from now will no longer receive a $1,000 kick-start payment, Finance Minister Bill English says.

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AML audit rush feared

Thursday, May 21st, 6:00AM

There are concerns there may be a rush of authorised financial advisers trying to get their AML audits done before the end of next month.

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Chinese banks creeping into lending market

Friday, May 22nd, 8:34AM

Some big Chinese banks are starting to set up shop in New Zealand, but what could that mean for the residential mortgage market? MORE»

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New Zealand advisers won't dodge bullet: Rickerby

Tuesday, May 26th, 6:00AM

New Zealand financial advisers should be prepared for commission cuts such as those happening in Australia, one adviser who works on both sides of the Tasman says. MORE»

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Time running out for DIMS decision

Wednesday, April 15th, 6:00AM

With less than two months left to make a decision, a number of advisers are still unsure whether they will offer discretionary investment management services (DIMS) as of the second half of this year. 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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