Degree work continues despite Code opting for Level Five

The Code of Conduct settling on a Level Five qualification requirement for financial advisers won't stop the development of a new degree for the sector.

Massey has been mulling the possibility of the degree since 2013.

It would be similar to the Bachelor of Accounting degree for accountants.

It is planned to launch in 2020.

The university's director of academic quality Claire Matthews said the decision not to require a degree at this stage for any financial advisers would not stop it.

Work was continuing on the proposal.

The Code Working Group ...MORE»

Quiet trading on NZX ahead of upcoming earnings; Market finishes higher Friday, May 17th, 7:00PM New Zealand shares rose in quiet trading, as investors prepare for a flurry of earnings next week. Infratil entered a trading halt for the first tranche of a $400 million capital raising. MORE»

[GRTV] No back-down from Level Five, Dale-Jones says Friday, May 17th, 6:00AM A suggestion that the new Code of Conduct for financial advisers is a back down on the requirement for Level Five qualifications is incorrect, Code Working Group chairman Angus Dale-Jones says. MORE»

FADC hands down its punishment in non-disclosure case

A financial adviser who breached the Code of Conduct by skimping on client medical histories in insurance applications has learnt the fate. 

The  Financial Advisers Disciplinary Committee (FADC) has decided to censure the Auckland insurance adviser, but not name him. That means that he will have to disclose the breaches – which the FADC said were at lower end of the scale - to prospective clients for the next five years.

However, the adviser will retain permanent suppression.

The Financial Markets Authority, which prosecuted ...MORE»

Code creates opportunities for quality mark Wednesday, May 15th, 6:00AM  4 comments Financial Advice New Zealand's quality service mark could be used to fill in some of the gaps in the new Code of Conduct for the advice sector. MORE»

Advisers' need for research a benefit, not a hindrance: Douglas Tuesday, May 14th, 6:00AM It should be seen as a positive thing that advisers are reluctant to recommend equities without third-party support, a former investment researcher in New Zealand says. MORE»

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