Expect dramatic fall in FAP numbers: Greenslade

New Zealand could expect to get to as few as 400 financial advice providers by 2030, one training and compliance provider says.

Transitional licensing opens later this month for the new financial advice regime.

David Greenslade, founder of Strategi, said by June next year, when the new rules take effect, more than 2,000 transitional licenses will likely have been issued.

Two years later, 1,300 of those would go on to become full licensees.

By 2025, that would have dwindled to 850 due to economies of scale and consolidation, ...MORE»

Gentailers dominate trade; Mercury wind farm has investors revisiting smelter fears Tuesday, November 12th, 7:53PM New Zealand shares edged higher as Mercury NZ's decision to press ahead with the second stage of what will be the country's biggest wind farm had some investors revisiting their fears of the energy-hungry Tiwai Point smelter closing. MORE»

Long-serving ACC investment chief calls it a day Monday, November 11th, 4:31PM Accident Compensation Corp's chief investment officer Nicholas Bagnall is calling it a day after spending more than a quarter of a century helping build the state-owned workplace insurer's investment portfolio to some $45 billion. MORE»

Advisers invited to take part in new Fund Manager of the Year Awards

Good Returns has teamed up with Research IP and Darrin Howlin to continue funds management research and to launch a new awards programme.

Howlin previously provided the research which underpinned FundSource, until that business was put on the market and subsequently sold to an Australian outfit.

The partnership ensures advisers and investors have access to good quality research.

Good Returns publisher Philip Macalister said it was a good fit for the two businesses. "Research IP understands the New Zealand market and has been ...MORE»

Responsible investing – why it should matter to you and your clients Friday, November 8th, 7:00AM Interview with portfolio manager David Fyfe – Mint Asset Management MORE»

FMA fesses up to website breach and apologises Friday, November 8th, 6:00AM  2 comments The Financial Markets Authority is the latest government arm to experience a breach of its website; but it has acknowledged the error and apologised. MORE»

News Bites

FSC surplus drops

The Financial Services Council has reported a significant year-on-year drop in surplus. MORE»

GoodReturns TV

Time for changes to KiwiSaver

KiwiSaver has done well in its first 12 years, but David Boyle only gives it a score of 6.5 or 7 out of 10. In this interview with Good Returns TV he discusses changes he would like to see. MORE»

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Newpark doubles down on helping its advisers in the new era

Newpark has taken a stand to support the autonomy of its advisers to run their own businesses their way, control their own costs of compliance, and be trusted to raise the standard of their own practices and processes from which they receive their incomes. MORE»

TMM Online

Reserve Bank capital review: decision date set

The Reserve Bank will make a final decision on its proposed new capital rules on December 5, a move that could reshape the banking sector in New Zealand. MORE»

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Long-serving ACC investment chief calls it a day

Accident Compensation Corp's chief investment officer Nicholas Bagnall is calling it a day after spending more than a quarter of a century helping build the state-owned workplace insurer's investment portfolio to some $45 billion. MORE»

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Investors prepared to switch for ethical funds, report shows

More than 80% of New Zealanders expect their KiwiSaver and other investments to be invested responsibly and ethically, new research by the Responsible Investment Association of Australasia and Mindful Money has shown. MORE»