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AMP advisers finally break free from the mother ship

Advisers aligned to AMP have finally reached an agreement to break free from their tired relationship with the company and have set up a new group.

Thursday, June 20th, 6:00AM

Under a new deal the AMP advisers who formerly were within AMP's QFE are setting up a new FAP (financial advice provider) which will be autonomous from AMP.

The FAP, Wealthpoint, will offer compliance and support services to independent advisers AMP no longer writes new life insurance business and it has sold its in-force book to ResolutionLife which intends to wind down the book.

AMP's adviser ...MORE»

NZX50 hits record; prospect of lower rates drives yield hunt

Wednesday, June 19th, 6:08PM

The S&P/NZX 50 Index hit a record, amid a global rally, as investors prepare for even lower interest rates and pursue stocks offering reliable dividends. Blue-chip companies such as Auckland International Airport were among today's gainers.

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FSLAA starts June 2020

Wednesday, June 19th, 2:21PM  3 comments

Details of licensing requirements for advisers have been released.

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Inland Revenue to act on PIRs

Inland Revenue is moving to help make sure investors, including KiwiSavers, get on the correct prescribed investor tax rate (PIR).

Wednesday, June 19th, 11:18AM

Updated estimates show around 550,000 people have underpaid tax on their investments (including KiwiSaver) with an average of $80 to $90 owing per person for the 2019 tax year, says Inland Revenue deputy commissioner, Sharon Thompson.

“This suggests to us that people need support to make sure they choose the right PIR,” she said. “With our new system in place, we’re working ...MORE»

Mint offers new fee option to help advisers

Wednesday, June 19th, 6:01AM

Mint Asset Management has started offering a new service to help advisers charge a fee to their clients, but also to provide a way to get advice to people with smaller balances.

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Online advice an opportunity for KiwiSaver: SuperRatings

Wednesday, June 19th, 6:00AM

Few KiwiSaver providers are offering online advice, research firm SuperRatings has found.

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Sharesies expands

Thursday, June 20th, 9:51AM

Investment platform Sharesies has become an NZX participant, allowing it to trade shares in individual companies. MORE»

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[GRTV] We have to prove we are not the bad guys: Ballantyne

Thursday, May 23rd, 12:25PM  1 comment

Partners Life managing director Naomi Ballantyne says the various regulatory reviews are putting huge pressure on life insurance companies and distracting them from their core business of paying claims. MORE»

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AIA offers Vitality to advisers

Thursday, June 20th, 6:00AM

AIA says its new Vitality programme will help advisers achieve higher sales, better client retention and stand out in the market. MORE»

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Resimac takes over data entry for advisers

Thursday, June 20th, 9:22AM

Non-bank Resimac is taking over data entry for home loan applications to make the process more simple for advisers. MORE»

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Newpark adds to leadership team

Thursday, June 20th, 6:00AM

Newpark Financial Services has appointed a new general manager of performance and growth. MORE»

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Inland Revenue to act on PIRs

Wednesday, June 19th, 11:18AM

Inland Revenue is moving to help make sure investors, including KiwiSavers, get on the correct prescribed investor tax rate (PIR). MORE»

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Latest Comments
  • A Capital Offence
    “Who ever made the decision to build all these 100s of units all at once must have rocks in their head. This philosophy of...”
    18 hours ago by Maxwell K
  • FSLAA starts June 2020
    “If I've got this right, this announcement means that the implementation of the new regime has slipped by another 4 months...”
    23 hours ago by Murray Weatherston
  • KiwiSaver and risk, how far out of bounds are we?
    “I think the situation under the rules that have been promulgated so far is actually quite clear. Under the new regime, when...”
    23 hours ago by Murray Weatherston
  • FSLAA starts June 2020
    “Great, just set up the application process and send us forms, so we can get on with it please? ...”
    24 hours ago by AdviserMan
  • FSLAA starts June 2020
    “While I know current AFA's will get through the new regime without too much in the way of hassles, I equally know that current...”
    1 day ago by Comprehensive Planner
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