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Last Article Uploaded: Sunday, March 18th, 10:06PM
Latest Headlines

Tax breaks needed to boost savings: Milford

One fund manger is calling for tax breaks to boost New Zealand's savings rate.

Monday, March 19th, 6:00AM

Milford Asset Management chief executive Troy Swann said savings was a politically sensitive issue. He said New Zealand’s household savings rate had been negative for the past several years, compared to a rate of 4.6% in Australia.

“As a matter of urgency, New Zealand needs to lift its savings rate. Before he became Finance Minister, Grant Robertson said he wanted to see KiwiSaver minimum contribution rates lifted from 3% to 4 ...MORE»

Broker pleads guilty

Friday, March 16th, 2:00PM  1 comment

An insurance broker who was convicted of fraud a decade ago has pleaded guilty to new charges brought by the Financial Markets Authority.


NZ Funds CEO stepping down

Friday, March 16th, 6:00AM

Richard James is stepping down as the chief executive of NZ Funds Management.


Flight to big providers 'possible unintended consequence'

An option that will allow financial advice providers and their financial adviser or nominated representatives to achieve new competency requirements “in aggregate” could cause a flight to big dealer groups.

Wednesday, March 14th, 6:00AM  19 comments

The Code Working Group has revealed its initial proposals for the new code of conduct for financial advisers.

One of the aspects it covers is competence, knowledge and skill.

The proposals note that the financial advice provider and any financial adviser or nominated representative involved in giving the financial advice must have, in aggregate:

For product advice: the competence, knowledge, and skill to give the financial advice to the minimum standard reasonably expected of an individual with New Zealand Certificate in Financial Services (Level 5) ...MORE»

Code working group reveals proposals

Tuesday, March 13th, 6:00AM  3 comments

Financial advisers offering financial planning services are set to be expected to operate with a skill level equal to a degree qualification.


Appeal Court sides with FSCL

Monday, March 12th, 6:00AM  1 comment

Advisers could soon have another ombudsman to choose to work with.


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ANZ signs responsible investment pledge

Wednesday, March 14th, 11:15AM


GoodReturns TV

Ralph Stewart's Lifetime group hits five

Tuesday, February 27th, 9:44AM

Ralph Stewart set up variable annuities business Lifetime five years ago. The business has evolved and become quite different to what was planned. MORE»

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Fidelity Life powers up income protection

Friday, March 16th, 3:35PM

Fidelity Life, has today launched three new enhancements to its income protection products which aim to power up its competitiveness and benefit customers. MORE»

TMM Online

OCR call takes backseat

Friday, March 16th, 1:23PM

Changes are looming for the Reserve Bank and that has pushed OCR decisions into the background – despite a pending announcement next week. MORE»

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Adviser group reveals new chief executive

Tuesday, March 6th, 12:00PM

Adviser group Share has appointed a replacement for Scott Black. MORE»


Tax breaks needed to boost savings: Milford

Monday, March 19th, 6:00AM

One fund manger is calling for tax breaks to boost New Zealand's savings rate. MORE»

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