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Jordi Garcia talks about the benefits of entering the Financial Planner of the Year Awards, Teachers do a deal with planners and buying funds online a reality.

Monday, October 14th 2002, 12:20AM

Buying managed funds and investments online has now become a possibility after Parliament passed the Electronic Transactions Bill last week.

"This Act, which puts electronic transactions on the same legal footing as paper-based transactions, has been eagerly awaited by the business community," Information technology minister Paul Swain says.

"It will allow the thousands of statutory legal requirements for writing, signature and retention and production of documents to be met using electronic methods.

The act is based on model law developed by the United Nations Commission on International Trade Law and closely follows the Australian Electronic Transactions Act.

"The Act is a world-class piece of legislation. It will not only deliver the benefits to business and the public sector..., but it will substantially enhance New Zealand's international reputation as a leading country in electronic commerce and e-government," Swain says.

Teachers do a deal with planners


The Financial Planners and Insurance Advisers Association has formed a strategic alliance with the Global Retirement Trust (GRT) to promote financial planning services to teachers.

As reported in SuperTalk the GRT has won a deal to manage a superannuation scheme for 28,000 members of the New Zealand Educational Institute (NZEI).

In its latest pay round the NZEI successfully negotiated an employer sponsored superannuation package where their employer (the Government) matches each member's contribution.

Also there is an extra incentive for teachers to join before October 21.

Under the strategic alliance GRT will promote the benefits of using an FPIA member when the teachers are deciding if the scheme is right for them and which of the options within the scheme they should be opting for.

"GRT recognises that professional financial advice is essential in the decision making process the teachers will have to pursue when considering this offer and FPIA members represent the highest level of professionalism" GRT business development manager Glenys Wilson says.

Financial Planner of the Year Awards
To find out why you should consider entering this year's Financial Planner of the Year Awards, visit the
Awards website. There last year's winner Jordi Garcia talks about the benefits of entering and how it has helped his business.

To read Jordi's comments click here

The Awards are sponsored this year by AMP, AXA New Zealand, ING, Perpetual Investments and Sovereign.

Prizes are being supplied by Microsoft and Morningstar.

« Further hurdle for savingsSovereign takes regulation bull by the horns »

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First Credit Union Special - 7.45 7.35 -
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