About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   tmmonline.nz  |   landlords.co.nz
Last Article Uploaded: Wednesday, August 21st, 1:44PM
rss
Latest Headlines

FSLAB gets final tick

The Financial Services Legislation Amendment Bill has been given its final nod.

Thursday, April 11th 2019, 6:00AM 1 Comment

The bill, which introduces sweeping changes for the advice sector, received Royal assent this week.

All bills must go through this stage before they become an Act of Parliament.

The long-awaited passing of the bill has been welcomed by the industry.

Financial Advice NZ chief executive Katrina Shanks said it was great to see the bill had passed.

"Now the sector can have certainty as to the other components which follow such as the code, licencing requirements and disclosure.

"One thing is certain that legislation, regulation and consumer expectations never stand still and we have to ensure we understand the changing landscape and we are ahead of these changes. Financial Advice New Zealand have a range of resources for its members such as webinars, quick guides and workbooks to assist the navigation of the changing environment."

The Financial Services Council called it a landmark moment.

“FSLAB has been a long time coming and when it comes into force will represent a sea change in New Zealand’s financial advice regime,” said chief executive Richard Klipin.

“The bill will improve transparency and deliver a step forward in ensuring that consumers are getting good financial advice and that their interests are being put first.

“The measures in the bill are a key part of lifting standards across the industry and ultimately building public trust and confidence in the sector."

Klipin said the industry knew it needed to evolve and mature to deliver good outcomes for New Zealanders who wanted to grow, manage and protect their wealth.

He said getting good advice was key to financial security. "The bill will deliver the strong legislative foundation needed to ensure a world-class financial advice regime.

"I'd like to acknowledge the work of Minister Dean, Minister Faafoi and the officials at MBIE in progressing the bill."

 

Tags: FSC FSLAB

« Faafoi: Code 'no surprises'Financial Advice NZ seeks backers for missing piece of the puzzle »

Special Offers

Comments from our readers

On 11 April 2019 at 6:39 pm NormanStacey said:
So, is it now the FSLAA?

Sign In to add your comment

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
Subscribe Now

Weekly Wrap

Previous News
Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
ANZ 5.19 4.19 4.25 4.49
ANZ Special - 3.69 3.75 3.99
ASB Bank 5.20 ▼4.25 ▼4.19 ▼4.39
ASB Bank Special - ▼3.75 ▼3.69 ▼3.89
BNZ - Classic - 3.69 3.75 3.99
BNZ - Mortgage One 5.90 - - -
BNZ - Rapid Repay 5.35 - - -
BNZ - Std, FlyBuys 5.30 4.45 4.35 4.55
BNZ - TotalMoney 5.30 - - -
Credit Union Auckland 5.95 - - -
Credit Union Baywide 6.15 4.95 4.95 -
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 4.80 4.95 -
Housing NZ Corp ▼5.19 ▼4.29 ▼4.29 ▲4.49
HSBC Premier 5.89 3.79 3.79 3.89
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
Lender Flt 1yr 2yr 3yr
ICBC 5.65 3.85 3.95 3.89
Kiwibank 5.80 ▼4.30 ▼4.40 4.74
Kiwibank - Capped - - - -
Kiwibank - Offset 5.15 - - -
Kiwibank Special - ▼3.55 ▼3.65 3.99
Liberty 5.69 - - -
Napier Building Society - - - -
Nelson Building Society 5.70 4.69 4.79 -
Resimac 5.30 4.86 4.14 4.19
RESIMAC Special - - - -
SBS Bank 5.29 4.85 5.05 5.49
Lender Flt 1yr 2yr 3yr
SBS Bank Special - 3.78 3.78 3.99
Sovereign ▼5.30 4.35 4.29 4.55
Sovereign Special - 3.85 3.75 4.05
The Co-operative Bank - Owner Occ 5.15 3.79 3.84 3.99
The Co-operative Bank - Standard 5.15 4.29 4.34 4.49
TSB Bank ▲6.09 ▲4.65 ▲4.59 ▲4.85
TSB Special 5.29 ▼3.85 ▼3.79 4.05
Wairarapa Building Society 5.70 4.85 4.99 -
Westpac 5.34 4.69 4.79 5.19
Westpac - Offset 5.34 - - -
Westpac Special - ▼3.69 ▼3.75 ▼3.99
Median 5.50 4.29 4.25 4.19

Last updated: 16 August 2019 8:50am

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