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FSCL's 'allegations against a very senior parliamentary officer'

Financial Services Complaints Ltd (FSCL) has been dealt another blow in its long-running battle to call itself an ombudsman scheme.

Tuesday, June 2nd, 6:00AM

FSCL first applied to use the “ombudsman” name in 2015 and was rejected. In 2016, Chief Ombudsman Peter Boshier agreed to reconsider the application. It was declined again.

The dispute scheme, headed by Susan Taylor, applied for judicial review and had its application dismissed. It appealed to the Court of Appeal, where Boshier was directed to reconsider the application. In June last year, ...MORE»

[The Wrap] Things returning to normal

Friday, May 29th, 6:34PM  1 comment

It feels as though things are starting to return to some normality - other than a few bombshell announcements. For the past couple of weeks my Wrap has failed to see the light of day; partly as I was not particularly happy with them and where they were going. Today is different.

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NZ shares outperform weaker global markets

Friday, May 29th, 6:33PM

New Zealand shares edged higher today as positive earnings counterbalanced a weak lead from Wall Street as investors eyed escalating US-China tensions.

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Digital advice the mass market solution: Carlyon

All KiwiSaver providers should be required to have a roboadvice offering, kōura founder Rupert Carlyon says.

Friday, May 29th, 6:39AM  3 comments

He said it was the only way that enough advice could be provided to a sufficient number of New Zealanders.

Significant numbers of KiwiSaver investors shifted funds earlier this year when markets fell as the impact of the Covid-19 outbreak started to be felt around the world. It is estimated $1.4 billion in funds was moved to more conservative investments, potentially costing investors over the long ...MORE»

FMA warns adviser over advice to go conservative

Thursday, May 28th, 10:07AM  6 comments

The Financial Markets Authority (FMA) has issued a formal warning to an AFA who made recommendations to clients that they urgently move their investments to low risk funds in the wake of Covid-19.

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OUT NOW: ASSET May issue

Thursday, May 28th, 10:00AM  1 comment

Here is some weekend reading for you; the latest issue of ASSET Magazine. Find out what's inside it here.

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Professional IQ launches level five version two

Monday, May 25th, 4:23PM

Professional IQ College (PIQ) is now open for enrolments for version two of the New Zealand Certificate in Financial Services (level five). MORE»

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[GRTV] Investment themes for this decade

Sunday, March 22nd, 10:00AM

AMP Capital managing director Bevan Graham talks about the topic of the momnet, corona virus, the big investment theme for this decade and the future of the business post the sale of AMP. MORE»

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Fidelity Life chief executive stands down

Thursday, May 28th, 1:59PM

Life insurer Fidelity Life has announced the resignation of chief executive Nadine Tereora. MORE»

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ASB to help bereaved borrowers

Tuesday, June 2nd, 9:44AM

ASB has pledged to pay customers' mortgage interest for a year if another borrower on the home loan dies.  MORE»

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New independent director at Partners Life

Wednesday, May 27th, 12:34PM

Former BNZ executive joins Partners Life board. MORE»

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Financial advice saving retirement futures: Adviser

Monday, June 1st, 12:51PM

A financial adviser who offers digital advice on KiwiSaver says he’s seen a “huge uptick” in demand for help during the Covid-19 disruption – and those who have received guidance have made it through the market volatility in better shape. MORE»

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