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Last Article Uploaded: Tuesday, July 28th, 2:21PM
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FMA drops Capital + Merchant action

A civil claim against Capital + Merchant Finance was unlikely to recover more of investors' money, the FMA said today as it announced it had stopped the proceedings.

Tuesday, July 28th, 12:45PM

In 2009, the Securities Commission laid criminal charges against five directors: Neal Nicholls, Owen Tallentire, Colin Ryan, Wayne Douglas and Robert Sutherland, under the Securities Act.

These charges related to untrue statements in offer documents distributed in 2006.

At the same time, civil proceedings were filed against four of the directors - Nicholls, Tallentire, Ryan, and Sutherland - seeking declarations of civil liability and civil pecuniary penalties ...MORE»

Barnes' firm launches roboadvice offer

Tuesday, July 28th, 6:00AM

A new roboadvice solution targeted at investors who do not want to pay for advice is being rolled out in Australia by a firm that has a New Zealand-based businessman at its helm.

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Pathfinder banks on property

Monday, July 27th, 6:46AM

Pathfinder has passed the $100 million mark in funds under management and launched its fourth fund.

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FSC: All advisers should be equal

The FSC wants RFAs to choose: Operate at the level of AFAs or declare themselves salespeople.

Monday, July 27th, 6:00AM  5 comments

Submissions closed last week on the Financial Advisers Act review issues paper.

Among them was one from the FSC, which represents product providers.

It said the current financial adviser regulation is confusing for consumers, who have a different idea of "advice" to that of the legislation.

It said consumers who sought advice did not usually want "financial planning" or "class advice" but to know whether a particular product was right for them ...MORE»

IOOF changes won't cross Tasman

Friday, July 24th, 5:59AM  1 comment

IOOF in Australia has closed its My Adviser and Plan B Wealth Management financial planning services, but says there are no changes planned to its Kiwi business at present.

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Falling dollar drives returns

Thursday, July 23rd, 6:00AM

New Zealand’s falling dollar made the biggest difference to KiwiSaver members’ account balances over the most recent quarter, research firm Morningstar says.

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Mortgage Centre Sponsored by: 

No surprises in Reserve Bank's move

Thursday, July 23rd, 11:05AM

Little surprise followed the Reserve Bank’s OCR cut this morning - and further cuts are now generally expected to come this year. MORE»

Insurance Centre Sponsored by: 

Cheap policies capture younger clients: HFANZ

Tuesday, July 28th, 6:00AM

More young New Zealanders are taking out health insurance policies, new Health Funds Association figures show. MORE»

Regulation Sponsored by: 

FSC: All advisers should be equal

Monday, July 27th, 6:00AM  5 comments

The FSC wants RFAs to choose: Operate at the level of AFAs or declare themselves salespeople. MORE»

People and Events Sponsored by: 

Salt adds graduate

Tuesday, July 21st, 9:05AM

Salt Funds Management has employed Randall Clement as an operations analyst. 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 told: Don't get spooked

Tuesday, July 28th, 6:00AM

Advisers whose clients are worried about the possibility of a market correction should encourage them to stick with the KiwiSaver fund they are in, new research shows. MORE»

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