About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   tmmonline.nz  |   landlords.co.nz
Last Article Uploaded: Friday, August 17th, 12:17AM
rss
Latest Headlines

Working group considers 161 submissions

Angus Dale-Jones says the Code Working group is working through just fewer than 2000 pages of submissions on its initial proposals.

Tuesday, June 12th 2018, 6:00AM

by Susan Edmunds

Its next steps in the process of developing a new code of conduct for the financial advice industry will take place over the next two months.

Submissions closed at the end of April in the group's first formal round of consultation. Dale-Jones said 161 were received.

The group has has one meeting already to discuss those submissions and will hold another on June 20.

"There's quite a lot of material to work through and we want to give it due attention."

But he said, as long as the group was in a position to get its position clear in July, that would be in line with the work of the select committee considering the Financial Services Legislation Amendment Bill.

"We wouldn't want to to much formal consulting until we had heard what the select committee is doing. These things have to go together."

He said it was too soon to talk about the themes of the submissions received.

But he said there were aspects that carried through many of them.

"There are really useful themes that are developing."

The group would be able to get solid, comprehensive guidance from the process, he said.

It will publish the submissions it has received after MBIE has finished the process of redacting information that submitters have requested is removed.

Dale-Jones said that publication would include some of the group's own thinking with that, and would take a format similar to what the existing code committee used to do with its updates.

He said he had did not have a clear view of how many submissions he had expected before the consultation period began. "What's more gratifying than the number is the range of sources, all sorts have participated."

Tags: Code Working Group

« PAA gets 'yes' vote, takes next step to wind-upMcLachlan: Pie move 'mildly interesting' »

Special Offers

Comments from our readers

No comments yet

Sign In to add your comment

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
  • Shanks meets Faafoi
    “Actually Tash the article only refers to an "Adviser" no mention of what type so we shouldn't assume it's an investment adviser....”
    12 hours ago by gavin austin adviser business compliance
  • Shanks meets Faafoi
    “What adviser? An investment adviser won't help Life advisers and vice versa. Really need two or three advisers on the Code...”
    16 hours ago by Tash
  • Shanks meets Faafoi
    “@Ron Flood, I agree that ideally we SHOULD have presence on the committee. However I question what "balance" would come...”
    17 hours ago by Eyeinthesky
  • Shanks meets Faafoi
    “Eyeinthesky & Pragmatic, I don't agree that it is a lost cause. Having an adviser presence within the committee at this late...”
    19 hours ago by Ron Flood
  • Shanks meets Faafoi
    “Won't someone need to wake up Minister Faafoi. Pretty sure he is fast asleep at the wheel here....”
    19 hours ago by Roderick
Subscribe Now

Weekly Wrap

Previous News
Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
ANZ 5.79 4.79 4.99 5.35
ANZ Special - 4.29 4.49 4.85
ASB Bank 5.80 4.69 4.89 5.19
ASB Bank Special - 4.29 4.49 4.79
BNZ - Mortgage One 6.50 - - -
BNZ - Rapid Repay 5.95 - - -
BNZ - Special - 4.29 4.49 4.85
BNZ - Std, FlyBuys 5.90 4.89 5.05 5.49
BNZ - TotalMoney 5.90 - - -
Credit Union Auckland 6.70 - - -
Credit Union Baywide 6.15 5.45 5.50 -
Lender Flt 1yr 2yr 3yr
Credit Union North 6.45 - - -
Credit Union South 6.45 - - -
Finance Direct - - - -
First Credit Union 5.85 - - -
Heartland 6.70 7.00 7.25 7.85
Heartland Bank - Online - - - -
Heretaunga Building Society 5.75 5.00 5.20 -
Housing NZ Corp 5.79 4.79 5.05 5.29
HSBC Premier 5.89 3.99 4.19 4.69
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
Lender Flt 1yr 2yr 3yr
ICBC 5.80 4.59 4.69 5.09
Kiwibank 5.80 4.69 4.89 5.35
Kiwibank - Capped - - - -
Kiwibank - Offset 5.80 - - -
Kiwibank Special - 4.19 4.39 4.85
Liberty 5.69 - - -
Napier Building Society - - - -
Nelson Building Society 6.10 5.10 5.45 -
Resimac 5.30 4.86 4.94 5.30
RESIMAC Special - - - -
SBS Bank 5.89 4.85 5.05 5.49
Lender Flt 1yr 2yr 3yr
SBS Bank Special - 4.19 4.49 4.85
Sovereign 5.90 4.69 4.89 5.19
Sovereign Special - 4.29 4.49 4.79
The Co-operative Bank - Owner Occ 5.75 4.24 4.49 4.85
The Co-operative Bank - Standard 5.75 4.74 4.99 5.35
TSB Bank 5.80 4.74 4.99 5.35
TSB Special - 4.24 4.49 4.85
Wairarapa Building Society 5.70 4.85 4.99 -
Westpac 5.95 4.99 5.05 5.44
Westpac - Offset 5.95 - - -
Westpac Special - 4.29 4.49 4.85
Median 5.89 4.69 4.89 5.19

Last updated: 16 August 2018 6:23pm

News Quiz

The maximum remuneration model for Australian life insurance advisers is to be set at what?

Upfront 40% + trail 20%

Upfront 50% + trail 10%

Upfront 50% + trail 20%

Upfront 60% + trail 10%

Upfront 60% + trail 20%

MORE QUIZZES »

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