Banks shares rise on back of Australian election results Monday, May 20th, 6:39PM New Zealand shares rose as Australian bank stocks were buoyed by the Liberal-National coalition's electoral win over the weekend, removing the threat of tax changes. MORE»

Degree work continues despite Code opting for Level Five Monday, May 20th, 5:00AM 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. MORE»

[GRTV] No back-down from Level Five, Dale-Jones says

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.

The chairman of the Code Working Group, Angus Dale-Jones, says criticisms that the newly-approved Code of Professional Conduct doesn't require advisers to do Level Five papers is wrong.

Financial Advice NZ is one group which took issue with the code's competence standard.

Its chief executive, Katrina Shanks, said the new Code created a two-level scenario, where those working for big providers ...MORE»

FADC hands down its punishment in non-disclosure case Thursday, May 16th, 6:00AM  5 comments A financial adviser who breached the Code of Conduct by skimping on client medical histories in insurance applications has learnt the fate.  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»

News Bites

Consilium Wrap on track for $4b

Consilium says its wrap service will grow to $4 billion in funds under administration in the next calendar year. MORE»

GoodReturns TV

[GRTV] Code gets eight out of 10 from long-time critic

Adviser advocate Murray Weatherston says the new code is good for advisers - but there's an elephant in the room. MORE»

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Leave good client outcomes to advisers: Whyte

Regulators' proposals for reform of the insurance sector seem to be trying to dilute non-aligned advisers' relationship with their clients, one industry commentator says. MORE»

TMM Online

Resimac sales managers jumps ship

Small business lending specialist Prospa, has appointed two business development managers, including Resimac's former sales manager, to support its growing New Zealand operation. MORE»

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AIA appoints Vitality coach

AIA has appointed a Vitality coach for New Zealand. MORE»

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Investors deserve clearer insights

The risk with risk indicators MORE»