About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   depositrates.co.nz  |   landlords.co.nz
Last Article Uploaded: Friday, February 5th, 5:30PM
rss
Latest Headlines

IFA conference planning criticised

The Institute of Financial Advisers has “killed two birds with one stone” with its decision to switch the time and location of its annual conference, IFA president Nigel Tate says.

Thursday, January 24th 2013, 9:39AM 4 Comments

by Niko Kloeten

The IFA conference, which was scheduled to take place in Nelson in July, has been moved to Auckland and will now run in May, directly after the two-day PortfolioConstruction Forum Symposium.

Heathcote Investment Partners director Clayton Copplestone, who offered to fit the Perfecting Investment Portfolios event in with the IFA conference, said the change of time and place suggested the IFA had got “one or both” of those things wrong.

“To have an event like that in a regional area puts additional pressure on delegates in the first place.  I don’t think any of the professional bodies have the luxury of picking a regional venue for a national conference,” he said.

IFA president Nigel Tate said the institute began investigating the switch in August last year when preparations for the original event in Nelson were in their infancy.

He said the PortfolioConstruction Forum was at a higher level than what was available in New Zealand and working with it “killed two birds with one stone” by uncluttering the conference schedule.

“We looked at the diary of conferences and they were chocking up; we had the PortfolioConstruction Forum, Perfecting Investment Portfolios, the IFA, the PAA… all those organisations running conferences is just going to clog up too much and we’re all going to suffer.”

A source who has presented at IFA events said the IFA risked diluting its brand by running the conference in collaboration with another provider.

“There’s a chance people will go to the PortfolioConstruction Forum event and then leave after that.”

But Tate said the situation was no different to last year’s conference when the IFA collaborated with the NZX.

“There will be people who go to the Portfolio Construction Symposium who are not members of the institute.  This will be a great opportunity to see whether we can get some of these investment specialists and see if they can pick up practice management and other things as well.”

The Professional Advisers Association (PAA) is also holding its annual conference in Auckland. OnePath is holding its adviser conference in Martinborough.

Niko Kloeten can be contacted at niko@goodreturns.co.nz

« High-profile courses cancelledFund managers call for level playing field »

Special Offers

Comments from our readers

On 24 January 2013 at 10:03 am John Milner said:
Although I have not made my decision yet, I probably will not attend this years conference. It will be the first time in a decade I have not attended the conference. I feel the IFA has sold out to a competing provider and abdicated their commitment to its members. Although I have a lot of respect for Graham Rich, I have not been impressed with Grahams comments and behaviour at recent conferences when introducing another provider that has a contrary view of investment than his.
On 24 January 2013 at 1:06 pm jon said:
The light is now growing brighter.
On 24 January 2013 at 3:44 pm Independent Observer said:
I would have thought that a key component of the IFAs value proposition was their proprietary conference.

With this event being outsourced, I’m curious to understand what justifies membership fees.
On 24 January 2013 at 4:16 pm Eric Simpson said:
@JM agree it's tedious listening to his snide comments.
Can't understand why the IFA changed its mind for the benefit of another party.
As if PAA members are going to trundle along to an IFA event.

Sign In to add your comment

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
  • Investors offered new way into equities
    “Whilst I'm a fan of disruptive technologies I also believe that you get what you pay for. It will be interesting to see the...”
    3 days ago by Pragmatic
  • Advisers told: Don't gamble on forex
    “As quoted by British Economist, Ronald Coase “Statistics, when tortured enough will confess to almost everything” Over...”
    6 days ago by Pragmatic
  • Southern Cross to fund preventative treatment
    “Interesting! so join up with Southern Cross, take the test for genetic mutation and collect your $50,000 for surgery (or...”
    11 days ago by Tash
  • OCR cuts to come – but not now
    “"NZIER senior economist Christina Leung believes the RBNZ will make no changes to the OCR until December 2017 when it will...”
    11 days ago by FreedomWatchNZ
  • Lifetime income rates a drawcard
    “Murray & Traveller - thank you. Yes, there is no need to maintain minimum balance of $100k subject to unplanned withdrawals...”
    16 days ago by Ralph Stewart
Subscribe Now

Weekly Wrap

Previous News

MORE NEWS»

Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
ANZ 5.74 4.89 5.05 5.10
ANZ Special - 4.39 4.49 -
ASB Bank 5.75 4.85 4.99 5.25
ASB Bank Special - 4.39 4.49 4.75
BankDirect 5.75 4.85 4.99 5.25
BankDirect Special - 4.39 4.49 4.75
BNZ - Mortgage One 6.40 - - -
BNZ - Rapid Repay 5.85 - - -
BNZ - Special - 4.39 4.39 4.49
BNZ - Std, FlyBuys 5.79 4.85 5.09 5.25
BNZ - TotalMoney 5.79 - - -
Lender Flt 1yr 2yr 3yr
Credit Union Auckland 6.70 - - -
Credit Union Baywide 5.95 5.25 5.15 -
Credit Union North 6.45 - - -
Credit Union South 6.45 - - -
Finance Direct 6.10 6.45 6.69 7.10
First Credit Union 5.85 - - -
Heartland 6.70 7.00 7.25 7.85
Heretaunga Building Society 5.75 4.85 5.05 -
Housing NZ Corp 5.74 4.85 4.99 5.10
HSBC Premier 6.10 4.25 4.49 4.99
HSBC Premier LVR > 80% - - - -
Lender Flt 1yr 2yr 3yr
HSBC Special - 4.25 4.25 -
ICBC 5.60 4.69 4.69 4.99
Kiwibank 5.65 4.85 ▼5.00 5.25
Kiwibank - Capped - - - -
Kiwibank - Offset 5.65 - - -
Kiwibank Special - ▼4.39 4.49 4.85
Liberty - - - -
Napier Building Society 6.50 5.80 6.70 -
Nelson Building Society 6.35 5.20 5.40 -
NZ Home Loans 5.85 4.85 4.99 5.25
Perpetual Trust 7.70 - - -
Lender Flt 1yr 2yr 3yr
Resimac 5.59 5.24 5.29 5.39
SBS Bank 5.74 4.85 ▼4.99 ▼5.10
SBS Bank Special - 4.35 4.35 4.65
Sovereign 5.85 4.85 4.99 5.25
Sovereign Special - 4.39 4.49 4.75
The Co-operative Bank 5.70 4.39 4.49 4.75
TSB Bank 5.74 4.85 4.95 5.25
TSB Special - 4.35 4.29 4.79
Wairarapa Building Society 6.20 5.75 5.95 -
Westpac 5.85 4.85 5.05 5.10
Westpac - Capped rates - 6.15 6.15 -
Lender Flt 1yr 2yr 3yr
Westpac - Offset 5.85 - - -
Westpac Special - 4.39 4.39 4.65
Median 5.85 4.85 4.99 5.10

Last updated: 5 February 2016 11:32am

News Quiz

The maximum remuneration model for Australian life insurance advisers is to be set at what?

Upfront 40% + trail 20%

Upfront 50% + trail 10%

Upfront 50% + trail 20%

Upfront 60% + trail 10%

Upfront 60% + trail 20%

MORE QUIZZES »

About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
 
Site by Web Developer and eyelovedesign.com