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Last Article Uploaded: Friday, March 23rd, 1:57PM
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'Not all advisers churning'

New Zealand’s financial advice sector has welcomed the Financial Markets Authority’s long-awaited report into life insurance churn – but said its findings shouldn’t be taken as representative of the industry as a whole.

Friday, March 23rd, 6:00AM  4 comments

It was revealed yesterday that the regulator had taken action against 11 advisers in its investigation into life insurance replacement business.

But it highlighted concerns about the behaviour of the advisers it investigated, who were identified in 2016 as having high levels of replacement business.

The FMA found that half the 24 advisers it dealt with either were not aware of their obligation to exercise care, diligence and skill or were in breach of it ...MORE»

Russell Investments: Change needed, and now

Thursday, March 22nd, 10:00AM

The head of one of the world’s bigger investment organisations has spelt out the urgent need for change in the industry.


NZ annuities market will grow: Challenger

Wednesday, March 21st, 10:58AM  3 comments

[Good Returns TV] The chairman of the Retirement Income Group at Challenger in Australia, Jeremy Cooper, talks to Philip Macalister about how the annuities market will grow in New Zealand.


Code proposals show product provider influence: Tate

Product providers are reaping the benefits of a code working group full of product providers, a prominent adviser says.

Wednesday, March 21st, 6:00AM  5 comments

The working group developing the code of conduct for financial advisers has delivered its initial proposals.

An early criticism of the group was that it did not include any practising authorised financial advisers to offer an independent point of view on the market.

Financial adviser and former IFA president Nigel Tate said the proposals, including an option to “aggregate” competency across the adviser and provider, seemed to play into product providers’ hands ...MORE»

No room for stock-pickers: Vanguard

Tuesday, March 20th, 6:00AM

More fee pressure is coming for investment advisers, Vanguard says, particularly those whose only value proposition is to outperform competitors’ investment returns.


Tax breaks needed to boost savings: Milford

Monday, March 19th, 6:00AM  7 comments

One fund manager is calling for tax breaks to boost New Zealand's savings rate.


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UDC IPO considered

Tuesday, March 20th, 5:03PM


GoodReturns TV

Finding the value of a financial planning business

Wednesday, March 21st, 2:41PM

[Good Returns TV] Mike Moore talks to Philip Macalister about the market for financial planning businesses and what sort of prices they are selling for at the moment. MORE»

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FMA: We're putting life advisers on notice

Thursday, March 22nd, 12:00PM  7 comments

FMA releases Churn Report: It says New Zealand’s system of high upfront insurance commissions needs to change. MORE»

TMM Online

Spirit of caution in OCR call

Thursday, March 22nd, 10:36AM

Don’t expect interest rates to start rising anytime soon as the Reserve Bank’s decision to leave the OCR at 1.75% today makes it clear they remain on hold. MORE»

People and Events Sponsored by: 

Chief executive to stand aside

Wednesday, March 21st, 1:00PM

The chief executive of a major dealer group has announced his plans to step down. MORE»


Tax breaks needed to boost savings: Milford

Monday, March 19th, 6:00AM  7 comments

One fund manager is calling for tax breaks to boost New Zealand's savings rate. MORE»

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Latest Comments
  • FMA: We're putting life advisers on notice
    “Who is getting 230% every time i read this stuff commission gets higher what is it next week 500%. A very small number of...”
    29 minutes ago by Backstage
  • 'Not all advisers churning'
    “It would be respectful if when the FMA are being interviewed that they would talk about only 24 advisers, then only 11 out...”
    42 minutes ago by Backstage
  • 'Not all advisers churning'
    “I would also be interested in opinions of others as to whether it is appropriate for the renewal commission for a policy...”
    53 minutes ago by Tony Walker
  • 'Not all advisers churning'
    “Since the CWG webinar has stopped working I'm looking for something to do. Mike many have been quite proactive in supporting...”
    1 hour ago by Dirty Harry
  • NZ annuities market will grow: Challenger
    “Thanks for replying. I used the life expectancy numbers from some government department, probably the Statistics Department...”
    2 hours ago by Brent Sheather
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