New Code Committee members finally revealed

Finally, the mystery has been solved.

At the urging of Good Returns and one of our very persistent readers, thefinancial advice Code Committee has finally updated its website to reveal the names of its two new committee members.

According to Commerce and Affairs Minister David Clark, the appointments were made in mid-April, after the committee had been operating unlawfully for almost a year with less than the

statutory minimum ...MORE»

COFI bill plans further crackdown on sales incentives Thursday, June 23rd, 8:10AM  6 comments The Financial Markets (Conduct of Institutions) Bill (COFI) will be given extra teeth to crack down on sales incentives, according to the man who is driving it through parliament. MORE»

Adviser calls on David Clark to name new appointees to code committee Wednesday, June 22nd, 5:59AM  2 comments A senior adviser is urging Commerce and Consumer Affairs Minister David Clark to name the two people he says he has appointed to the Financial Advice Code Committee. MORE»

The income equation: why the bond+equity solution still adds up

Income-focused investors have had it tough in the post global financial crisis (GFC) era.

By Marek Krzeczkowski

Forced by the global financial crisis into interest rate cuts and unconventional moves such as ‘quantitative easing’, central banks set the scene for the lower-for-longer era that dragged on for more than a decade.

With inflation seemingly benign despite the extreme volume of free money flowing through the system, monetary authorities loosened further – even ...MORE»

Lower returns for longer; Advisers will have to work harder Tuesday, June 21st, 6:00AM Financial advisers have been told to expect single-digit returns on investments “for the foreseeable future.” MORE»

FNZ numbers revealed Monday, June 20th, 7:58AM Price FNZ paid for Hatch revealed along with funds under administration numbers. MORE»

News Bites

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Flint Wealth gets responsible

Newly minted investment platform Flint Wealth embraces ethical investing. MORE»

GoodReturns TV

[GRTV] It's time to rethink responsible investing

Kōura Wealth chief executive Rupert Carlyon says responsible investing is good but it's time to rethink some aspects of how it is done. MORE»

Investments

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The income equation: why the bond+equity solution still adds up

Income-focused investors have had it tough in the post global financial crisis (GFC) era. MORE»

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Uptick in litigation predicted if Insurance Contracts Bill passes in current form

Insurers and their lawyers are urging the government not to scrap the industry’s exemption from the unfair contract terms provisions of the Fair Trading Act 1986, warning of a higher litigation risk, higher premiums and “significant” uncertainty for both insurers and policyholders if the exemption is removed. MORE»

TMM Online

New player enters mortgage group space

Mortgage advisers have a new dealer group option to consider. MORE»

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Finzo adds compliance manager

Finzo has appointed a full-time, in-house compliance officer. MORE»

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Financial Services Council defends KiwiSaver after criticism

The finance industry says it is improving the KiwiSaver system but it is a work in progress. MORE»