Mortgage fraud and advisers’ commissions under the FMA microscope
The Financial Markets Authority (FMA) is going after advisers and FAPs who flout its rules and pose significant risks for borrowers.
Picture: FMA Chief Executive Samantha Barrass (Supplied)
The FMA has identified four themes it will prioritise over the next year across the sectors it regulates.
These include managing conflicts from renumeration structures; banks’ and non-bank deposit takers’ design of new and redesigned existing products; the use of complaints to drive improvement; and fraud detection and prevention, ...MORE»
Simon Papa: Access to advice - Is adviser conservatism the issue?Saturday, June 27th, 4:10PM 1 comment
OPINION: The FMA’s access to advice report attributes advice access issues to adviser conservatism but the absence of structured market or economic analysis means it may misdiagnose what is in fact a demand-side problem. MORE» |
5+5 Ideal super savings rate experts sayThursday, June 25th, 6:00AM
More advice, but maybe a lower saving rate, could be KiwiSaver solution MORE» |
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Give Total Rem the flick if KiwiSaver compulsory
KiwiSaver providers want more clarity on how total remuneration packages will be treated with any move towards compulsion.
National said on Sunday that, if re-elected, it would make KiwiSaver contributions compulsory from 2028, and move to a 12% contribution by 2032.
Koura founder Rupert Carlyon said that would be a significant increased burden on people with total remuneration packages, who are currently funding contributions of 7%.
“Personally I think total rem has got to go.”
Pie Funds chief executive ...MORE»
NZX50 dips amid choppy Middle East peace talksMonday, June 22nd, 6:29PM
A2 Milk rallied as Chinese registration paved the way for a special dividend. MORE» |
National plays KiwiSaver cardSunday, June 21st, 5:07PM
National is proposing a range of changes to KiwiSaver if it returns to power, including making the scheme compulsory. MORE» |
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Summit to examine financial advice policy, regulation, and professional standards
Financial Advice New Zealand is launching an Advice Policy Summit in conjunction with the Financial Planning Standards Board Asia Pacific Forum. MORE»
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Fisher Funds moves to woo advisers back
After years of neglecting the adviser market, the investment manager is going on the charm offensive. MORE»
Why 12% Could Be the Most Important Number in KiwiSaver
For years, New Zealand's retirement savings debate has revolved around broad concepts: adequacy, participation, and sustainability. The latest KiwiSaver discussion is more tangible. It centres on a single number. MORE»
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Kat Church: Reviews aren’t compliance; they’re where the real value lies!
Good Returns' new columnist, Katrina Church, explains why client reviews are so important. MORE»
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TMM Online
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Mortgage fraud and advisers’ commissions under the FMA microscope
The Financial Markets Authority (FMA) is going after advisers and FAPs who flout its rules and pose significant risks for borrowers. MORE»
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Kirwan to take over Apex
Former Fidelity Life executive Bronwyn Kirwan is taking over as Chief executive at Apex Advice. MORE»
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Give Total Rem the flick if KiwiSaver compulsory
KiwiSaver providers want more clarity on how total remuneration packages will be treated with any move towards compulsion. MORE»
