PAA: GST return delayed wind-up
The Inland Revenue is partly to blame for a delay in the wind-up of the PAA.
Members voted to wind-up the association in June, 2018.
Most moved to the new association, Financial Advice New Zealand, which brought together the PAA, IFA and NZFAA.
It then had to go through a process of having members vote on the establishment of a trust to take over the management of the association's remaining assets, including the money that resulted from the sale of its holiday ...MORE»
NZ shares fall as Gentrack paints grim earnings outlookMonday, January 20th, 6:49PM
New Zealand shares fell today with Gentrack leading the market lower as the software company painted a grim picture for future earnings. MORE» |
Female advisers put off by boozy networkingMonday, January 20th, 5:00AM 6 comments
New Zealand's financial advice industry is suffering a lack of women because they feel pushed out by male-dominated events, such as networking that revolves around drinking, new research has found. MORE» |
David Whyte's 5 predictions for 2020
Last week Good Returns published five predictions for the year ahead. This week guest contributor David Whyte offers his five predictions for 2020. As he says: "All of which will, of course, come to pass and be regarded as prophetic, insightful, and accurate. Or none of them will come to fruition and will have as much value as an Iranian Rial."
1. FAP Interim licence applications will gather considerable momentum in the first quarter and may even continue through June. However, the number of full licence applications will be considerably lower as prohibitive cost and complexity become apparent to individual advisers. This will be followed by a period of consolidation as 'orphaned' advisers either seek shelter or leave the industry ...MORE»
Pie Funds: We had too much cashFriday, January 17th, 6:00AM
Pie Funds founder Mike Taylor says holding too much cash through the start of 2019 ended up costing its funds' returns. MORE» |
What's happened to the $2mill from PAA's holiday homes?Thursday, January 16th, 6:21AM
The Professional Advisers Association (PAA) controversially sold its holiday homes in 2016 netting around $2 million; but what's happened to that money? Susan Edmunds investigates. MORE» |
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News Bites
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UDC debenture programme all paid out
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GoodReturns TV
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[GRTV] Apathy still reigns amongst advisers
Finzo chief executive Nick Stewart worries about the lack of guidance on FAPs and suggests regulators should be taking a stronger line of the upcoming changes. MORE»
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[OPINION] Turbulent year ahead
Insurance industry veteran David Pine says 2020 is going to be a turbulent year in the insurance arena; both life and health, and fire and general. But it's not all bad. MORE»
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TMM Online
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Advisers voice views on low equity premiums
Banks have drawn criticism for charging high-LVR borrowers with "low equity premiums" and failing to notify them when they can switch to better rates. MORE»
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Fisher Funds distribution head moves on
Fisher Funds’ head of distribution has resigned. MORE»
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Kōura: People see advice and KiwiSaver as distinct
New KiwiSaver provider Kōura is providing more advice to KiwiSaver members than initially expected – but not converting as many as had been hoped to members. MORE»
