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May 2025
28 May 2025
First-home buyers steal the spotlight
28 May 2025
First home buyers outgun investors again
27 May 2025
Investors take breath for Fisher & Paykel Healthcare as NZX trades flat
27 May 2025
Wealthpoint appoints new head of investments
27 May 2025
First Mortgage Trust appoints chief risk officer
27 May 2025
Pressure’s on the reserve bank - will they bend?
27 May 2025
RBNZ urged to take up the Government’s mantra and ‘go for growth’
26 May 2025
Turners turns up the heat but NZX slides 0.4%
26 May 2025
Thomas steps down at Amplifi
26 May 2025
Low deposit, high hopes: buyers take the plunge
26 May 2025
Nearly $950 million was lent to home buyers with less than a 20% deposit in March.
26 May 2025
Why money managers can’t ignore the planet amid an ESG backlash
25 May 2025
NZX Wealth Technologies onboards two new advice firms
24 May 2025
[Weekend Read]. KiwiSaver changes a little underwhelming: Looking for a PI option?
23 May 2025
NZ market ignores Budget to end day softer
23 May 2025
[Weekly Wrap] What to make of the Budget's KiwiSaver changes
23 May 2025
Cut to KiwiSaver Government contributions neither here nor there
23 May 2025
Financial services industry give KiwiSaver changes a measured welcome
23 May 2025
Everyone’s talking about a possible rate cut...
23 May 2025
Sneak peak at new brand
23 May 2025
It’s not the OCR cut but the Monetary Policy Review that counts
22 May 2025
NZ sharemarket down as My Food Bag sees green shoots
22 May 2025
KiwiSaver contribution rates to increase; Cuts to Govt contribution
22 May 2025
Link appoints new compliance manager
22 May 2025
Not quite music to the RBNZ's ears
22 May 2025
New RBNZ survey can’t be music to its ears
22 May 2025
Advisers need to work to remove small irritants clients experience: Morningstar
22 May 2025
Harbour Outlook: Trumps Liberation Day Tariffs Reshape Global Markets
21 May 2025
Napier Port buoyant as NZ sharemarket rises
21 May 2025
Ballantyne joins general insurer
21 May 2025
Ruffled feathers at the reserve bank
21 May 2025
Hawks, doves and Kiwis
20 May 2025
Spark up 3% amid buyout speculation; NZX 50 closes flat
20 May 2025
Former Milford portfolio manager joins Alvarium
20 May 2025
A Dosh deal or a dud?
20 May 2025
Advisers dismayed at Dosh and Westpac tie-up
20 May 2025
Medical premiums and the public system
19 May 2025
NZX tracks US futures down as Gentrack misses expectations
19 May 2025
Sold sign goes up on Consilium
19 May 2025
Unlock New Opportunities with OMNIMax’s KiwiSaver Advice Tool
17 May 2025
Another global fixed interest manager comes to town
17 May 2025
TMM talks with ANZ CEO; Learn about a new KiwiSaver scheme
17 May 2025
Trade Walls, Profit Falls: NZX 50’s Tariff Exposure Unpacked
17 May 2025
Why did ANZ's adviser originated loans fall in the past six months?
16 May 2025
FPH, Fletcher drive NZ stocks lower
16 May 2025
Booster fills CCO position
16 May 2025
One to watch: could 1-year rates be the next big thing?
16 May 2025
Interest rate low for one-year terms likely in a few months
15 May 2025
QuayStreet nabs another gong
15 May 2025
NZ sharemarket up as Sanford rides the wave
15 May 2025
Need for speed: how this app Is transforming lending
15 May 2025
New app makes loan agreements easier and cheaper
14 May 2025
Are life advisers expected to recommend the ‘best’ product?
14 May 2025
Who will win the Ethical and Impact Investment Awards?
14 May 2025
Calming influences
13 May 2025
NZX rallies 0.87% as tariff uncertainty eases; Skellerup climbs 4%
13 May 2025
Why Australians live so long
13 May 2025
Key to the city? It might be in your budget
13 May 2025
Key to the city? It might be in your budget
13 May 2025
Key to the city? It might be in your budget
13 May 2025
Key to the city? It might be in your budget
13 May 2025
Financial planners optimistic about AI's potential
13 May 2025
First home buyers can now afford Auckland and Wellington
12 May 2025
US-China détente hopes send Mainfreight up 5%
12 May 2025
A bit of rate relief - or just a band-aid?
12 May 2025
AI use in weapons a growing concern for ethical investors
12 May 2025
Steadying the unsteady recovery
10 May 2025
New Prospa data reveals where and why Kiwi small businesses are lending
10 May 2025
Adviser opportunities with SMEs; Thinking about adding KiwiSaver?
09 May 2025
NZ sharemarket rises with gentailers leading after Contact-Manawa deal
09 May 2025
ANZ's adviser flows slow; Financial system holding up well
09 May 2025
NZ financial system holding up, but global risks growing
09 May 2025
Haven partners with Plunket
09 May 2025
ANZ lightened reliance on advisers in the March half year
09 May 2025
Longer-term mortgage rates fashionable again
09 May 2025
What AIA paid out in claims last year
08 May 2025
Two old timers leave AIA in distribution makeover
08 May 2025
Booster hires direct investment specialist for continued growth strategy
08 May 2025
Only a fraction of OCR cuts has fed into effective mortgage rates: RBNZ
07 May 2025
NZ sharemarket ends up 0.6% after jobs data
07 May 2025
Advisers originating fewer BNZ mortgages
07 May 2025
Westpac doing well with advisers; BNZ not so
07 May 2025
Global share trading platform Tiger Brokers goes local
07 May 2025
House prices, rent rises to be restrained in the short term: RBNZ
07 May 2025
Avanti Gets a Makeover - and a Bigger Game Plan
07 May 2025
Foundation Life windup plan finally ready for a vote after 7 years
07 May 2025
Craigs' results point to funds management dominance
06 May 2025
SkyCity folds 6% as NZX 50 trades flat
06 May 2025
Buffett announces his retirement; A Kiwi's view from Omaha
06 May 2025
Avanti Finance rebrand signals ambitious growth agenda
06 May 2025
Generate KiwiSaver customers most satisfied
06 May 2025
Mortgage advisers continue to grow share of Westpac's book
06 May 2025
Hiring drive as ASB expects home loan applications surge
06 May 2025
Cancer claim a chance to forge relationship with client
06 May 2025
Advisor relationships on Sharesies' radar
06 May 2025
CoFI: Is this the catalyst for changing service commissions?
05 May 2025
NZX rebound continues, Precinct Properties up 5.5%
05 May 2025
Westpac sped up mortgage lending three-fold in March half year
05 May 2025
Interest-ing behaviour: time to charge the big banks?
05 May 2025
Aussie banks need prosecuting for misuse of power – lobby group
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Latest News
Advice adds at least 5% a year, but clients can’t see most of it
4 min read
Adviser use of ETFs likely to continue to grow, Smart says
2 min read
FMA outlines its latest expectations for advisers
6 min read
[Weekly Wrap] KiwiSaver in play; but outcome unclear
2 min read
Latest Comments
FMA outlines its latest expectations for advisers
Paul Flood: The danger is that the 'goalposts' (regarding what is acceptable or unacceptable adviser conduct) may be susceptible to change. Our 'Principles based' legal/regulatory environment lends itself to “prevalence-induced concept change” over time, perhaps not so much in the written laws and Code, as in the interpretation of the prescribed principles.
1 day ago Steve Wright
FMA outlines its latest expectations for advisers
Just a tip, if you use more than six, six letter words in a sentence you lose most Kiwi's. So avoid client/adviser confusion when writing your post or article if you would like it read and understood. Ironically, my last sentence was not likely read.
2 days ago Backstage
FMA outlines its latest expectations for advisers
All things said are great aspirational goals for a great financial advice industry, it mirrors what both the legislation and the code requires. However, like most things discussed it talks about what's expected not how it's done. The hardest aspect of financial advice today isn't what it is, it is how it is done. The how only comes from those that have done it, the how is only provided with examples. Guidance documents that spell out what's required along side how it it done. We’re still dealing with the same issues we started with in 2021, figuring out the how. And figuring out the how in every advice business is consuming resources that could easily be shortcut by the FMA demonstrating what they are expecting. It's not about “do it this way” its about this is the sorts of things we’re looking for. In the absence of standards and expectations, guesswork prevails. That represents significant risk to FAPs and the result is onerous overcooked advice processes for multiple advice operations and undercooked she’ll be right for single operators focused on getting the work done. Both approaches have potential for harm and as its been said earlier, leaves advisers open to explain they haven't been speeding with the authorities have pulled them over. The advice industry needs guidance on the how we know the what already.
4 days ago Jon-Paul Hale
Who is responsible for notifying policy changes?
Sticking an oar in, while we have “service” requirements the expectation that an adviser is responsible for discussing said change is relying heavily on assumption. 1. That the client hasn't moved and contact details haven't been updated. It happens more often than many think. 2. It assumes there is a servicing agreement in place to provide service. Remember the requirement is to scope service not provide it. A client deciding to have ad-hoc service on their request is a legally valid position to have. 3. If there is a service agreement that's realistic to what is expected, how long does the adviser push the issue to have the discussion before moving on with everything else they have to do? Again, a point that is not clear in the guidance to date. The challenge of the present rules is the adviser is responsible for ensuring the client understands the advice provided. How do you ensure you're covering this if a client doesn't engage despite genuine attempts to manage it? There's still a lot of “what if’s” in this whole are we’re only going to have clarity on once someone is taken to task about it. But first we need to have clarity on what ongoing service actually is, because right now demonstrated by the direct providers a letter once per year with a please call if you want to discuss is the current minimum…
4 days ago Jon-Paul Hale
FMA outlines its latest expectations for advisers
To correct errors in my previous post: "policies, templates, and controls" should read "policies, processes, systems and controls", and "is more conductive" should read "is more conducive".
4 days ago Paul Flood