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Last Article Uploaded: Friday, December 8th, 9:20AM


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Shuttered FAP owes around $8 million

The liquidator of deregistered insurance advice firm Foundation Advice Ltd, estimates it owes around $8 million.

Friday, December 8th, 7:23AM  1 comment

Auckland-based Foundation Advice, whose website is still live, offered advice on life and health insurance.

On 26 Oct it was put into liquidation by the Auckland High Court following an application by Inland Revenue for unpaid GST. The Official Assignee was appointed as liquidator.

In the first liquidator’s report filed on the Companies Office website, the Official Assignee says Foundation ...MORE»

Most of the NZX 50 now links top exec pay to ESG

Wednesday, December 6th, 7:00AM

NZ Inc is getting better at carbon and ESG reporting but has yet to reduce greenhouse gas emissions, water consumption and the amount of waste sent to landfill.


Forsyth Barr buys Hobson Wealth to create $30b in funds under advice

Tuesday, December 5th, 3:24PM

Forsyth Barr is buying Hobson Wealth for an undisclosed sum, as GoodReturns reported several weeks ago was likely.


Financial Advice NZ wants new govt to give advisers a breather

The main message from Financial Advice New Zealand (FANZ) to the new government is essentially “give us time to breathe.”

Tuesday, December 5th, 10:26AM  3 comments

Interim FANZ chief executive Tony Dench says he's pleased that the National, Act and NZ First coalition government “isn't rushing into regulatory changes.”

“What I'm really looking for is to see a considered and deliberate approach and constructive engagement with the financial sector to make sure that any revisions work well for suppliers, financial advisers and consumers,” ...MORE»

Sustainable investment grows down under

Friday, December 1st, 4:00PM

New Zealand, Australia and Japan were the only countries where sustainable investment grew as a proportion of total managed assets in 2022, a new report says.


Lessons Charlie Munger taught businesses

Friday, December 1st, 10:32AM

Charlie Munger's death just a month shy of his 100th birthday is being mourned the world over and not just by Warren Buffett's Berkshire Hathaway where he was chief financial officer or in his home town of Omaha, Nebraska.


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Auckland FAP has its licence cancelled

Tuesday, November 28th, 10:28AM  3 comments

The Financial Markets Authority (FMA) has cancelled the financial advice provider (FAP) licence of Foundation Advice Limited. MORE»

GoodReturns TV

[GRTV] Cracking the mass affluent market

Wednesday, November 8th, 9:25AM

GRTV talks to Kernel Wealth Management’s Dean Anderson about a massive inter-generational transfer of wealth on the way and what it means for advisers. MORE»

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Harbour Outlook: Economic Crosscurrents

Tuesday, November 14th, 10:27AM


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Lindsay learns the benefits and pitfalls of the product he sold for 52 years the hard way

Thursday, December 7th, 9:14AM  1 comment

Graeme Lindsay learned the benefits and pitfalls of health insurance first-hand the hard way after selling the product as an adivsor and/or broker for 52 years, and another couple of years as an advisor to the industry through his firm, Strategy Financial Services. MORE»

TMM Online

Ten things to know about mortgage debt

Wednesday, December 6th, 12:37PM

The market has been relatively subdued over the past 12-18 months, alongside the downturn in sales volumes and property prices. MORE»

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Haakie to move on

Thursday, December 7th, 12:39PM

Well-known Chubb general manager - distribution, David Haak, is moving on. MORE»

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Sharesies KiwiSaver, including self-select feature, goes to market

Wednesday, November 29th, 6:00AM

Sharesies has launched its KiwiSaver scheme to the general public having given access to its 31,000 wait-listed Sharesies members last week. MORE»

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