Articles tagged with 'David Ireland'
CoFI submitters: Slow down
8 June 2020 - New Zealand’s financial services sector has asked for more time to be spent on developing the Conduct of Financial Institutions Bill – and warned there could be unintended consequences of the bill in its current form.
FSLAA overachievers 'could be collateral damage'
2 April 2020 - A delayed start for the Financial Services Legislation Amendment Act regime is the right thing to do – but it could be a problem for proactive advice providers who had already started to move their businesses towards licensing, one financial services law expert says.
DIMS gets another shake-up
3 December 2018 - More change is coming for financial advisers who operate personalised DIMS for their clients.
Advice penalties increase
13 February 2018 - Financial advisers face much tougher penalties if they breach the rules under the new regulatory regime.
FSLAB could be slower
24 October 2017 - Progress of the Financial Services Legislation Amendment Bill may be slower under the new Labour-led government than it might have been under National.
QFEs get licensing head-start
15 August 2017 - Dealer groups and adviser networks may opt for financial advice provider status (FAP) under the new legislation, but it is expected to be an easier transition for existing qualifying financial entities (QFEs).
Advisers told: Speak now if you want your voice heard
22 June 2017 - Advisers are concerned the working group that will develop the industry’s new code of conduct does not include a practitioner's voice – but want it to get on with its job of clearing up uncertainties about looming new rules.
MBIE: Tell us what's better than FAR
22 March 2017 - With just over a week left of consultation, the Ministry for Business, Innovation and Employment has received just 10 submissions on the law that will transform the financial advice sector. But it says it knows there are concerns about some aspects - and wants to know how it could be made better.
Code Committee to get more power
18 July 2016 - Proposed changes to the Financial Advisers Act will place more power in the hands of the code committee, which administers the code of professional conduct.
Concerns raised over 'agent' classifcation
14 July 2016 - The suggestion that "agents" could soon be operating in the financial advice sector has some parts of the profession worried.
Index submission criticised
9 March 2016 - Questions are being raised about how key industry figures balance potential conflicts of interest, after the chairman of the Code Committee made a controversial submission on the way fund managers are required to describe their fees.
Finding Goldilocks solution
30 November 2015 - A package of Financial Adviser Act (FAA) changes that brings in competency and ethical obligations for all advisers is likely the “goldilocks” solution that has the best chance of becoming law, it has been claimed.
More Code changes planned
27 October 2015 - Changes being proposed to the Code of Conduct for Authorised Financial Advisers are fine-tuning to ensure it is fit for purpose, the chair of the committee that administers the code says.
How to avoid a negligence case
19 August 2015 - Advisers are being urged to take extra care to ensure they do not end up on the wrong end of a negligence claim.
