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Last Article Uploaded: Monday, November 18th, 7:10AM
Latest Headlines

Share windfall disappoints

A woman who was expecting $1 million from the sale of shares and instead only received $24,000 took a complaint about the trustee responsible for the sale to FSCL.

Monday, November 18th, 6:10AM

The woman’s husband died suddenly in 2017 and had appointed a professional trustee to act as the executor of his estate.

But a staff member at the trustee’s firm made a mistake in calculating the value of some UK shares the woman’s husband had owned.

She multiplied the share price by pounds rather than pence.

As a result, from late 2017, the woman had been under the impression ...MORE»

NZ shares edge lower; power companies under pressure

Friday, November 15th, 5:58PM

New Zealand shares edged lower as electricity companies remained under pressure as the future of the Tiwai Point smelter remains uncertain and after a weak operating update from Contact Energy.


More work needed on disclosure rules, SiFA says

Thursday, November 14th, 9:54PM

More information is required on what conflict of interest disclosures will be required of advisers in vertically integrated organisations, adviser group SiFA says.


When is a client really a client?

More clarity is needed on when someone counts as a client under the new financial advice regime, Financial Advice New Zealand says.

Wednesday, November 13th, 10:07PM  12 comments

It made a submission on the proposed disclosure regulations for the new regime.

The Government is proposing staged disclosure, through which advisers make certain generic information publicly available but then move to more specific and relevant information as the client relationship progresses.

Advisers would be required to keep a record of the disclosures given.

But Katrina Shanks, chief executive ...MORE»

Expect dramatic fall in FAP numbers: Greenslade

Wednesday, November 13th, 5:54AM  3 comments

New Zealand could expect to get to as few as 400 financial advice providers by 2030, one training and compliance provider says.


Long-serving ACC investment chief calls it a day

Monday, November 11th, 4:31PM  2 comments

Accident Compensation Corp's chief investment officer Nicholas Bagnall is calling it a day after spending more than a quarter of a century helping build the state-owned workplace insurer's investment portfolio to some $45 billion.


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MyFiduciary does JHC deal

Thursday, November 14th, 3:36PM

Finzo has become the first New Zealand business to adopt new technology being distributed in this country through a partnership deal with MyFiduciary. MORE»

GoodReturns TV

Time for changes to KiwiSaver

Wednesday, September 25th, 3:43AM

KiwiSaver has done well in its first 12 years, but David Boyle only gives it a score of 6.5 or 7 out of 10. In this interview with Good Returns TV he discusses changes he would like to see. MORE»

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Health insurance coverage jumps

Monday, November 11th, 8:45PM

Just over 1.4 million New Zealanders now have health insurance, a figure the Health Funds Association says shows that people can see the value in it. MORE»

TMM Online

Kiwibank slashes one-year mortgage to new low

Friday, November 15th, 6:36PM

Kiwibank has cut its one-year fixed term to 3.39%, a new low, despite the OCR remaining on hold this week. MORE»

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NZ Funds appoints chief client officer

Thursday, November 14th, 10:23AM  1 comment

NZ Funds has created a newly formed role, chief client officer who will have responsibility for direct and internally advised clients. MORE»

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Mirror, mirror on the wall, who has the best lifecycle of them all?

Tuesday, November 5th, 9:02AM

A recent NZ Funds-commissioned survey by MyFiduciary gives interesting insights into the KiwiSaver life-stages options available. MORE»

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Latest Comments
  • When is a client really a client?
    “In a previous reply I responded to the concept of payment as a trigger. I actually agree it’s not. While we don’t often...”
    20 hours ago by regant
  • When is a client really a client?
    “Tash are you being deliberately obtuse? I didnt say you have to keep sending/giving disclosure every year, I said you have...”
    20 hours ago by regant
  • FMA fesses up to website breach and apologises
    “@LNF I was specifically speaking to the word not the mandatory. So not misunderstanding, more a crack at the culture that...”
    2 days ago by JPHale
  • When is a client really a client?
    “@tash, as insane as it sounds, yes. The mishmash of rules around this basically say you both need to keep records of who...”
    2 days ago by JPHale
  • When is a client really a client?
    “wow ..... looks like advisers have to watch out for booby traps. do clients need to have any responsibilities? who do...”
    3 days ago by w k
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