tmmonline.nz  |   landlords.co.nz        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Thursday, August 11th, 8:08AM

Blogs

rss
Latest Headlines

Final countdown - Tips and reminders

Tuesday, March 29th 2011, 8:28AM

by FMA

There are just days to go now till our 31 March deadlines. We know many of you have already got your applications in – as of Friday 25 March we had received nearly 1,000 applications and we’re currently receiving 50 – 100 per day.  Weekly updates of AFA numbers are on our website home page.  We’ve now granted status to some additional QFEs and more certificates will be going in the mail this week. So, progress is looking pretty good.  On the roadshow we picked up a bit of confusion about what the dates mean. And in case you missed it, the Minister has announced a likely three month extension for Christchurch advisers. So, here’s a final reminder on the steps to take. If you want to be an AFA you have to both register and apply for authorisation (a licence). Registration
  • 31 March is the legal deadline for registration for advisers
  • But remember there is a criminal check that may take up to five days to process. To ensure you are on the register by the 1st April you should get in as early as possible this week
  • From 1 April it will be illegal to provide financial services unless you are on the register (or acting on behalf of a QFE)
Authorisation (AFAs)
  • 31 March is the deadline to apply for authorisation if you want to ensure you’ll be an AFA by 1 July
  • You do not have to have completed your competency assessments by 31 March but:
    • make sure you have checked and double-checked the assessments you need to complete (www.afacompetence.org.nz )
    • make sure you have booked for all your assessments
    • remember to allow time for possible re-sits – only around 75% of advisers pass Set B first time around
  • You have to lodge your application yourself, ie your organisation can’t do this for you (the form asks you to confirm you’re the person named in the application, and to confirm you understand it’s a criminal offence to knowingly make false or misleading representations in your application).  Encourage your organisation to contact the Securities Commission if they have any difficulties with this.
  • If you are part of a QFE you do not need to enter your QFE number if they don’t have it yet – you can enter this later
For Christchurch advisers
  • The Minister has announced a three-month extension of both the registration and authorisation deadlines is being considered for financial advisers affected by the 22 February earthquake.
  • The details of this decision will be announced in the next few days. Please contact the Commission and we will be able to alert you as soon as the Minister has made the announcement.
If you need more help: Competence assessments 04-931-0007 or email helpdesk@etito.co.nz Registration 0508 377 746 or email the online submission form at www.fspr.govt.nz Authorisation Read the AFA Authorisation Guide, 0800 434 567 or email afaapplications@seccom.govt.nz Christchurch advisers affected by the earthquake 0800 434 567 or email afaapplications@seccom.govt.nz
« Tidy up from the top downA perfect circle »

Special Offers

Commenting is closed

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
Subscribe Now

Mortgage Rates Newsletter

Daily Weekly

Previous News
Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AIA 6.35 5.25 5.45 5.99
ANZ 6.34 5.59 6.05 6.29
ANZ Blueprint to Build - - - -
ANZ Special - 4.99 5.45 5.69
ASB Bank 6.35 5.25 5.45 ▼5.69
Avanti Finance 6.65 - - -
Basecorp Finance 7.25 - - -
Bluestone 6.89 - - -
BNZ - Classic - ▼4.95 5.39 ▼5.69
BNZ - Mortgage One 6.39 - - -
BNZ - Rapid Repay 6.39 - - -
Lender Flt 1yr 2yr 3yr
BNZ - Std, FlyBuys 6.39 ▼5.55 5.99 ▼6.29
BNZ - TotalMoney 6.39 - - -
CFML Loans 7.25 - - -
China Construction Bank - 5.35 5.80 5.99
China Construction Bank Special - - - -
Co-operative Bank - First Home Special - ▼4.89 - -
Co-operative Bank - Owner Occ 6.25 ▼4.99 5.39 5.89
Co-operative Bank - Standard 6.25 ▼5.49 5.89 6.39
Credit Union Auckland 5.95 - - -
First Credit Union Special 5.85 5.35 5.85 -
Heartland Bank - Online 4.60 4.90 5.29 5.39
Lender Flt 1yr 2yr 3yr
Heretaunga Building Society 6.50 5.60 6.00 -
HSBC Premier 6.34 5.09 5.34 5.59
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
ICBC 6.00 ▼4.79 5.15 ▼5.69
Kainga Ora 5.85 5.31 5.58 5.97
Kainga Ora - First Home Buyer Special - - - -
Kiwibank 6.00 5.95 6.45 6.79
Kiwibank - Offset 6.00 - - -
Kiwibank Special - 4.95 5.45 5.89
Liberty 4.84 - - -
Lender Flt 1yr 2yr 3yr
Nelson Building Society ▲6.95 5.55 6.15 -
Pepper Money 5.29 - - -
Resimac 5.59 6.54 6.44 6.98
SBS Bank 6.29 ▼5.39 ▼5.79 5.99
SBS Bank Special - ▼4.89 ▼5.29 5.49
Select Home Loans 6.89 - - -
TSB Bank 7.05 ▼5.65 6.09 ▼6.39
TSB Special 6.25 ▼4.85 5.29 ▼5.59
Unity 5.65 4.95 5.55 -
Wairarapa Building Society 6.49 5.55 6.15 -
Westforce credit union - Special - 5.35 5.85 -
Lender Flt 1yr 2yr 3yr
Westforce credit union - Standard 5.85 6.05 6.55 -
Westpac 6.39 ▼5.55 6.05 ▼6.29
Westpac - Offset 6.39 - - -
Westpac Special - ▼4.95 5.45 ▼5.69
Median 6.34 5.33 5.79 5.93

Last updated: 10 August 2022 9:06am

About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox  |  Disclaimer
 
Site by Web Developer and eyelovedesign.com