Potential AFAs should be mentored: Tate
A mentoring programme for new financial advisers could avoid meltdowns like the Ross Asset Management collapse, says IFA president Nigel Tate.
David Ross was last week charged with false accounting and theft by a person in a special relationship.
Tate said those who had pointed the finger at the Financial Markets Authority for authorising Ross as a financial adviser were misinformed because the FMA has few powers to object to an application.
Applicants for authorised financial adviser status must provide proof of competence by completing standard sets b and c, must pass a police check, supply an adviser business statement and two references ...MORE»
Property trusts well positionedTuesday, June 18th, 6:08AM
New Zealand’s real estate investment trusts are in a better position than their counterparts across the Tasman, says Forsyth Barr’s property analyst Jeremy Simpson. MORE» |
One of LM's biggest assets worthlessMonday, June 17th, 3:03PM
Returns to LM investors on an interest in residential development Maddison, in Queensland, are likely to be minimal or nil, receivers Korda Mentha have warned. MORE» |
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Consumer confidence stats won't change RBNZ mind: ASB
The strongest consumer confidence figures in three years are not enough to convince ASB that the Reserve Bank will move the official cash rate before the end of the year. MORE»
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Disability dilemmas put off insurer
Disability insurance is the most contentious, difficult and costly to manage personal insurance product, one New Zealand insurer says. MORE»
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Advisers told to dob in peers
Advisers must dob in any of their peers who aren’t meeting industry standards, Financial Markets Authority chief executive Sean Hughes says. MORE»
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New Retirement Commissioner named
Fill-in appointment earns the full time role. MORE»
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No good news for St Laurence investors
St Laurence investors have had their massive losses confirmed. MORE»
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KiwiSaver used to pay bankrupts' creditors
KiwiSaver should be adjusted so that money cannot be withdrawn in the event of any hardship, in order to clear up confusion about bankruptcies, says one provider. MORE»