Wither now for Flint Wealth's platform?
There has to be some question over the Flint Wealth management platform's future after Harbour Asset Management and Grace Sterling subsidiary Trustees Executors apparently refused to continue funding it.
Both organisations had already written off their investments in Formosa Wealth, Flint's parent company, but the current situation is being described as a change in ownership.
Australia-based Research IP is now Formosa's sole owner, although Harbour has said that its funds will continue to be available to Flint clients and “we look forward to working closely with the Flint team on an ...MORE»
Best and worst KiwiSavers according to ConsumerTuesday, April 16th, 10:42AM 1 comment
Kiwi-owned providers have come out on top of Consumer’s annual KiwiSaver satisfaction survey. MORE» |
Client sought $200,000 saying adviser mislead him about insurance coverMonday, April 15th, 2:34PM
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How to Change to a Digital KiwiSaver Advice Process
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Financial complaints rise as cost-of-living pressures continue
As the cost of living crisis bites, disputes have risen by 36% and complaints to Financial Services Complaints Ltd (FSCL), a free financial ombudsman service, have risen by 17% .
An uptick in complaints about financial advisers (mortgage advisers, share brokers, and insurance brokers) has been noticeable, although overall adviser complaint numbers are low.
The biggest number of complaints are about non-bank lenders. They made up 54% of the disputes FSCL investigated in the six months to the end of last year, up about 14% on the same period in 2022.
The FSCL says it is seeing ...MORE»
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Still in chargeFriday, April 12th, 6:33AM
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