About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   depositrates.co.nz  |   landlords.co.nz
Last Article Uploaded: Tuesday, May 23rd, 9:13PM
rss
Latest Headlines

FARs - where's the accountability?

It is appropriate for financial advice providers to be accountable for their financial advice representatives, because they are simply acting as a conduit between the provider and the client, the Ministry of Business, Innovation and Employment says.

Wednesday, March 29th, 6:00AM

Submissions close this week on the draft of the Financial Services Legislation Amendment Bill.

MBIE issued a document with questions and answers about the bill, which sets out new designations: Financial advisers, financial advice providers and financial advice representatives.

Representatives will work for providers in much the same way as QFEs currently operate.

One of the questions in the MBIE document was: Why are financial advice representatives not personally liable?

MBIE said it was because those representatives would be bound by processes, controls and limitations set by the provider, which would control the outcomes for customers...MORE»

FMA warns on AML, won't name and shame

Wednesday, February 8th, 11:20AM

Twelve reporting entities, including advisers and advice firms, have been handed formal warnings for breaches of the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) laws.

MORE»

Client-first may be too big an ask for biggest players

Thursday, January 26th, 6:00AM

Is "client first" too much of a challenge for vertically-integrated organisations, such as banks? David Whyte ponders whether it's time to provide a carve-out for sales, as opposed to advice.

MORE»

 

Previous News

Call for more scrutiny of regulators

Monday, August 15th, 5:59AM

Financial services providers are becoming ever more familiar with the Financial Markets Authority in its industry oversight role – but who is keeping an eye on the regulators?

MORE»

IDS restructures to guide advisers through change

Thursday, July 21st, 6:00AM

Compliance firm IDS has restructured to help advisers prepare for more regulatory change on the horizon.

MORE»

IDS to offer complaint service

Wednesday, April 13th, 5:59AM

Compliance firm IDS is to tap the skills of its newly-appointed general manager to offer a new service to help advisers manage complaints.

MORE»

MBIE asked: What harm are RFAs doing?

Monday, March 7th, 6:00AM

The Ministry of Business, Innovation and Employment has been asked: What problem is the Financial Advisers Act trying to fix?

MORE»

Worry code changes slipping under radar

Friday, February 5th, 6:00AM

There is concern that changes to the Code of Professional Conduct for Authorised Financial Advisers, due to take effect this year, may have slipped under the radar for AFAs amid the bigger review of the Financial Advisers Act.

MORE»

MORE NEWS»

News Bites
Latest Comments
  • Life-Info founders want industry to take it over
    “Just to emphasise that we would like this to be regarded as an INDUSTRY resource as per the headline. We receive support...”
    1 day ago by dcwhyte
  • FMA acknowledges regulatory 'burden'
    “Very good and relevant points Brent, and you have been around well long enough to know. The GFC was 'hatched' from the largest...”
    4 days ago by Winka
  • FMA acknowledges regulatory 'burden'
    “Mr Gregory forgets the most important “cost” of regulatory burden and that is lower profitability of the finance sector....”
    4 days ago by Brent Sheather
  • Look twice at insurance applications
    “I couldn't agree more, this area of advice is lacking and is a massive contributor to non-payment of claims. Clean skins...”
    5 days ago by RiskAdviser
  • Wholesale rules a missed opportunity
    “Can someone tell me what the problem is about having a number of definitions for "wholesale" as far as advisers are concerned? Is...”
    5 days ago by Murray Weatherston
Subscribe Now

Mortgage Rates Newsletter

Daily Weekly

Previous News

MORE NEWS»

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