Articles tagged with 'Financial Advisers Act'
Trusted Adviser status defended after FoxPlan censure
7 September 2021 - Questions have been raised about the Financial Advice NZ Trusted Adviser status of three owners of FoxPlan after the company was censured by the FMA.
[The Wrap] Who's tougher? FMA or ASIC
29 August 2021 - Regulators on both sides of the Tasman dealt with similar cases recently but produced vastly different outcomes.
How Australia’s Royal Commission could affect NZ investors
7 February 2019 - Shockwaves are running through Australia’s finance industry following the Royal Commission’s damning report so how could the recommendations impact on New Zealand investors?
Draft code “exciting” for mortgage advisers: Shanks
15 October 2018 - The requirement for a level 5 certificate under the new code of conduct for financial advisers presents an “exciting opportunity” for mortgage advisers to up-skill, says Financial Advice NZ CEO Katrina Shanks.
Ombudsman clarifies adviser servicing obligations
27 September 2018 - IFSO has updated its case study of a complaint lodged by a client whose adviser had not checked in with him in 20 years - clarifying that receiving servicing commission usually means ongoing obligations.
Committee proposes FSLAB changes
31 July 2018 - The Economic Development, Science and Innovation Committee has provided its report on the bill, which recommends it be passed, with amendments. Financial Advice New Zealand chief executive Katrina Shanks said she was disappointed to see the committee had not taken a stand to draw a line between sales and advice.
First Financial Advice NZ CEO announced
10 May 2018 - Former National Party MP and chief executive of the Funeral Directors Association, Katrina Shanks, has been named as the first CEO of Financial Advice New Zealand.
Exemption grows under FSLAB
23 January 2018 - An exclusion that allowed lawyers and accountants to give financial advice without being caught by the same regulations as financial advisers looks to have been extended under the new rules.
Getting to Know: Paul Sewell
15 December 2017 - After a stint in banking, it was a newspaper article that prompted Paul Sewell into financial advice.
FSC suffers financial blow but integration on cards
7 December 2017 - Insurers giving up their memberships have hit the Financial Services Council in the pocket.
DIMS advisers face uncertainty... again
29 November 2017 - He's only been approved to offer personalised DIMS for just over two years, now adviser Alistair Bean faces more uncertainty.
A survival guide for financial adviser licensing
21 November 2017 - All financial advisory businesses will begin a mandatory licensing process, but do not fear, the FMA comes in peace, John Berry says. In the first of two-part commentary he shares his views on what to expect and how to prepare for change.
Roboadvice green light 'better late than never'
17 November 2017 - Work is progressing on the exemption that will allow personalised roboadvice, or digital advice, in New Zealand. But one law firm says it's a case of "better late than never".
14pc of inquiries about advisers, FMA says
28 September 2017 - The number of financial adviser inquiries made to the Financial Markets Authority is steady year-on-year, the regulator's latest annual report shows.
Whistle-blowers more exposed under new rules
26 September 2017 - Whistle-blowers are set to lose some of their identity protection when the new financial adviser legislation comes into force.
Newpark paying for members to do Level 5 papers
22 September 2017 - Dealer group Newpark is encouraging its members to complete the Level Five insurance papers and it will pay for the training.
Getting to Know: Liz Koh
8 September 2017 - Adviser Liz Koh says she deliberately set out to build a public profile.
New legislation may give advice industry new life
16 August 2017 - The financial advice industry is well-positioned for growth, if it is willing to make changes.
Insurers worry about change: Report
4 August 2017 - New Zealand insurers rank around the bottom quartile of the world when it comes to preparedness for the changes transforming the industry, PwC’s latest report shows.
Milestone day for financial advice in New Zealand
3 August 2017 - A new bill to replace the Financial Advisers Act was to be introduced on Thursday, Commerce Minister Jacqui Dean announced at the National Advisers Conference.
Milestone day for financial advice in New Zealand
3 August 2017 - A new bill to replace the Financial Advisers Act was to be introduced on Thursday, Commerce Minister Jacqui Dean announced at the National Advisers Conference.
Trust laws get shake-up, and advice carve-out
3 August 2017 - New Zealand’s trust laws are being updated and it includes a carve-out to help advisers whose trusts are also captured by the Financial Markets Conduct Act and Financial Advisers Act.
Getting to Know: Richard Klipin
28 July 2017 - Richard Klipin is tackling the job of rejuvenating the FSC in a period of big change for the industry.
Associations give nod to Financial Advice NZ
28 July 2017 - FAA, IFA and PAA have each given the green light for the establishment of the new adviser association, Financial Advice NZ.
Advisers should be whistle-blowers
27 July 2017 - Advisers are blowing the whistle on each other – and industry commentators say that’s to be encouraged.
FMA overstepping bounds: Weatherston
20 July 2017 - [ADDS FMA COMMENT] Financial adviser Murray Weatherston says the Financial Markets Authority does not have the legal standing to offer the exemption it is proposing, to clear the way for roboadvice.
Review a resounding win for the 'big end of town'
19 July 2017 - Murray Weatherston, a founding member of SIFA, talks to us about the Financial Adviser Review Act, where it’s going and some of his thoughts on it.
New AML classification for financial advisers - what changes?
5 July 2017 - Advisers have had their AML risk assessment downgraded but don’t expect that to translate into any lesser regulatory requirements.
Working group 'completely irresponsible'
29 June 2017 - Where is the insurance industry voice on the working group to develop the new code of conduct, one commentator asks.
GRTV: A voice for the little guys
30 May 2017 - In the second part of our new Good Returns TV series, publisher Philip Macalister hears why financial adviser Murray Weatherston believes the review of the Financial Advisers Act has been resoundingly a win for the “big end of town”.
Advisers can work with many entities: MBIE
6 April 2017 - MBIE has confirmed that a financial adviser will be able to work for more than one licensed financial advice provider under the new regime.
PAA: Draft bill essentially 'demoting the AFAs'
4 April 2017 - It is wrong that the majority of participants in the financial services sector do not need any level of qualification but can still be called a financial adviser, the PAA says.
Code Committee voices objections
16 March 2017 - The Code Committee has slammed the wording of a new client-first duty set to become law for financial advisers, and the lack of personal accountability proposed for financial advice representatives.
Labour: Support for regulation change
15 March 2017 - Labour is likely to support the bill that will repeal the Financial Advisers Act, at least through first reading, if its fate ends up in the party's hands.
Let's get these adviser rules right
14 March 2017 - It's been a couple of weeks since the Exposure Draft of the proposed new financial adviser legislation was released and something funny has happened. Lots of people in the financial advice sector agree on things.
Consumers 'deserve clarity'
10 March 2017 - A new 'financial advice representative' designation is a missed opportunity, the working group developing Financial Advice New Zealand says.
Big changes for some RFAs
28 February 2017 - Advisers will need a way to prove their competence, regardless of how long they have been in the industry, the chief executive of the PAA says.
Advisers told: Avoid conflicts with any other person
27 February 2017 - A new explanation of how advisers could be expected to legally put clients’ interests first is causing more confusion that it solves.
Sales versus advice distinction 'lost'
23 February 2017 - Industry commentators are angry that attempts to clearly separate sales activity from advice appear to have been abandoned in the rewrite of financial adviser legislation.
No more agents but not everyone impressed
20 February 2017 - New rules governing financial advice have done away with a proposed "agent" category, but many people are unimpressed.
Financial Advisers Act changes released
17 February 2017 - An exposure draft of the new financial advice regime has been released today, outlining big changes to come over the next two years.
FAA review number two on new Minister's list
27 January 2017 - After a delay caused by the Kaikoura earthquake, MBIE says that an exposure draft of the new Financial Advisers Act should be ready for distribution before the end of February with the aim of introducing a Bill to Parliament by mid-2017.
Mortgage advisers get a new minister
19 December 2016 - Paul Goldsmith is now the former Minister of Commerce following Prime Minister Bill English's Cabinet reshuffle.
Financial Advisers get new minister
18 December 2016 - Paul Goldsmith is now the former Minister of Commerce following Prime Minister Bill English's Cabinet reshuffle.
Back to the novel for holiday reading
2 December 2016 - I thought every financial advisers’ holiday reading this summer would be a copy of the Exposure Draft of the revised Financial Advisers Act.
FAA review delayed
1 December 2016 - The much anticipated Exposure Draft of the new Financial Advisers Act won't be out before Christmas as previously promised.
FAA licensing process will be bigger job thn FMCA: Mason
29 November 2016 - The process of licensing of fund managers is coming to an end and next up with be an even bigger job, the second round for financial advisers.
Give your ABS a check-up
23 November 2016 - Advisers are being urged to use the Christmas break to check their business statements and professional development plans are up-to-date.
Wait continues for FAA detail
19 October 2016 - Advisers will get more detail of what will be expected of them under the new Financial Advisers Act, by the end of the year.
Mortgage Link considers licenced entity model
14 October 2016 - Mortgage Link aims to write $1 billion worth of home loans this year and is considering becoming a licensed entity.
Deal increases Lifetime's reach
11 October 2016 - Upcoming changes to the Financial Advisers Act have prompted advice group Lifetime to partner with AMP to deliver more training options.
Legislation change prompts big decisions
6 October 2016 - Some advisers are taking the review of the Financial Advisers Act as their chance to sell their businesses and quit the industry.
Advisers need advertising campaign
5 October 2016 - Financial advisers may need a large-scale consumer education campaign to help the general public understand what they offer.
Some advisers in for a shock: Trainer
5 September 2016 - Bigger financial advice firms are starting to upskill their staff ahead of the Financial Advisers Act changes, but small operations are still burying their heads in the sand, one training provider says.
'Client's best interests' doesn't have to mean cheapest
17 August 2016 - Having only a limited product set to offer clients should not stop advisers putting their clients first, the Financial Markets Authority says.
'Client first' right standard for the industry: Everett
28 July 2016 - Financial Markets Authority chief executive Rob Everett says he has no patience for people who think the requirement to put clients first is difficult to implement or inappropriate in financial services.
FAA review means advisers spend less time advising clients
22 July 2016 - Small financial advice firms who have only just finished getting their businesses in line with the current Financial Advisers Act now face a hefty bill to do it all over again.
IDS restructures to guide advisers through change
21 July 2016 - Compliance firm IDS has restructured to help advisers prepare for more regulatory change on the horizon.
[OPINION] Proposed two-tier system has major flaws
19 July 2016 - IFA Manager, Member Learning & Development Andrew Gunn says the FAA proposals have some laudable aspirations however it has a major loophole which benefits QFEs.
Could AFA compliance costs fall?
13 July 2016 - Authorised financial advisers could be set to save money on compliance under the new version of the Financial Advisers Act.
Financial Advisers Act changes revealed
13 July 2016 - RFAs, AFAs and QFEs are set to become a thing of the past as a revamped Financial Advisers Act (FAA) brings in a single set of expectations for all market participants.
Hard to find right advice fit
4 July 2016 - New legislation is helping financial advisers move from a product focus to a relationship focus for their businesses, ASB’s general manager of wealth says. But despite increasing demand for good advice, finding the right advisers for the job is tough going.
Proposed FAA changes not a great shock: Goldsmith
1 July 2016 - Minister of Commerce Paul Goldsmith is taking a paper on the review of the Financial Advisers Act to cabinet later next week and changes are likely to be revealed later this month.
Building a new advice process – Start With A Question
28 June 2016 - Just say for a moment that one of the outcomes of the Financial Advisers Act Review is that most RFAs will have to meet the requirements of the AFA Code of Practice.
Regulation fears for advice businesses' value
21 June 2016 - Insurers will have a role to play to help advisers if the Financial Advisers Act brings in extra compliance requirements for them, AIA's chief executive says.
Support for wholesale change, except from banks
11 May 2016 - Banks have slated a proposal to require investors to opt in to wholesale status – a move that the rest of the financial services sector supports.
Advisers' pre-emptive strike
4 May 2016 - Some advisers are getting the jump on new qualification requirements and enrolling now for extra study.
PAA outlines plans to authorise all advisers
28 April 2016 - The review of the Financial Advisers Act is likely to have a significant impact on mortgage advisers, however it appears none of the broker groups made a submission on the Options Paper. The PAA though, argues that all advisers should be authorised.
Soft commission under scrutiny
28 April 2016 - A restriction on soft commissions for advisers has been mooted in submissions to the Financial Advisers Act options paper.
Better disclosure needed - but how?
27 April 2016 - [UPDATED] Financial service providers agree standardised disclosure documents would help the advice industry– but what they should say and what they might look like is still a matter for debate. (Now with link to Share Submission)
Thumbs up for roboadvice rules
27 April 2016 - New Zealand financial institutions are welcoming moves to allow roboadvice in this country.
Battle lines clearly drawn
26 April 2016 - Players in the financial advisory industry have revealed their hands in their submissions on the Financial Advisers Act Review Options Paper.
Banks keen to hold on to QFE model
26 April 2016 - Banks have argued in favour of being allowed to retain their existing QFE model and rejected attempts to better delineate between advice and sales, in their submissions on the Financial Advisers Act review.
Law Society backs greater powers for professional associations
21 April 2016 - Lawyers are backing one professional body to represent all financial advisers.
Fewer than 1000 complete level 5
21 April 2016 - Tens of thousands of registered financial advisers will have to head to the classroom if the Financial Advisers Act brings in a compulsory level five qualification for all, New Zealand Qualifications Authority data shows.
Associations' stance questioned
20 April 2016 - New Zealand's adviser associations are being criticised for what is described as an attempt to use the Financial Advisers Act to promote their own position in the industry.
Transition RFAs to higher standard: PAA
19 April 2016 - The Professional Advisers Association wants registered financial advisers to be able to use their CPD to transition to a new, higher standard – and more of a role for professional bodies in regulating the industry.
Former RFA pledges to stop advising
14 April 2016 - A former registered financial adviser has signed an enforceable undertaking with the Financial Markets Authority, promising not to offer any financial advice for the next five years.
Advisers misusing wholesale definition
11 April 2016 - Many investment advisers do not properly understand the definition of a wholesale investor or what it would mean for their advice practices, one compliance expert says.
Kiwi accountants not planning to follow Australian lead into financial advice
8 April 2016 - Australian accountants are being helped into financial advice but on this side of the ditch, number-crunchers say they are happy to work alongside investment advisers.
Higher standards for RFAs a must for financial advice 'profession'
21 March 2016 - Allowing registered financial advisers to avoid higher levels of regulation would be a step back for the professionalization of the industry, it has been claimed.
Where are the RFAs?
15 March 2016 - There’s a common piece of advice that gets handed around to people who write news stories or blogs online: Don’t read the comments. But in this case, especially if you are an RFA you should read them.
MBIE asked: What harm are RFAs doing?
7 March 2016 - The Ministry of Business, Innovation and Employment has been asked: What problem is the Financial Advisers Act trying to fix?
Fund managers a growth opportunity for financial advice, FMA says
29 February 2016 - Financial advisers will probably have an increasing role in intermediating between consumers and the funds management industry as it gathers strength, the chief executive of the Financial Markets Authority says.
Accountants submit in favour of exemption
29 February 2016 - Accountants are making a submission in favour of the continuation of an exemption that allows them to offer financial advice in the course of their normal business.
Lawyers argue exemptions should stay
24 February 2016 - Lawyers say there is no evidence that the Financial Advisers Act exemption that allows them to offer financial advice in the normal course of their business is having any detrimental effect on consumers.
Entity licensing could be detrimental to insurance advice
19 February 2016 - Entity licensing could be lead to fewer independent operators in New Zealand’s insurance sector, the departing chief executive of Fidelity Life says.
Single association would have more clout: Dodds
17 February 2016 - A united professional association representing financial advisers would have more chance of picking up regulatory and compliance functions for the industry, the chief executive of the Institute of Financial Advisers (IFA) says.
Don't give professional bodies regulatory role: Committee
15 February 2016 - The committee that administers authorised financial advisers’ code of conduct does not want professional bodies playing a more active role in regulation and licensing in the sector.
Forum attendees agree changes needed
11 February 2016 - Ministry of Business, Innovation and Employment analysts have a raft of new feedback to consider on the Financial Advisers Act review.
[Carey Church] Time to widen debate on FAA Options paper
27 January 2016 - In this guest Blog Hamilton-based adviser Carey Church says MBIE have put up many good ideas in its Options Paper on the review of the Financial Advisers Act, but much of the debate about the options has been on just one topic.
Concern adviser numbers will fall
19 January 2016 - There are concerns further regulatory change could drive more advisers from the industry.
Forums to discuss 'contentious' FAA overhaul
9 January 2016 - Forums on the Financial Advisers Act being held next month are likely to be dominated by questions about potential licensing of entities, rather than individual...
Concern expected at entity licensing proposal
8 January 2016 - Forums on the Financial Advisers Act being held next month are likely to be dominated by questions about potential licensing of entities, rather than individual advisers, it has been warned.
FAA forums
30 December 2015 - Financial advisers are invited to a series of forums being held by the FMA and MBIE on the Financial Advisers Act review options paper. They are scheduled...
Options paper discussed
18 December 2015 - A group of industry bodies has met representatives of MBIE and FMA to discuss the FAA review options paper.
Entity licensing benefits no one: Whyte
15 December 2015 - Financial advisers and their clients would be left worse off if the Financial Advisers Act moves from a system of individual licensing to entity licensing, one commentator has suggested.
Advisers ask: Is it fair accountants, lawyers outside law?
8 December 2015 - Advisers are upset exemptions are likely to remain in the Financial Advisers Act (FAA) for professions such as lawyers and accountants who provide advice as part of their businesses.
Industry asks: Is transactional advice relief working?
7 December 2015 - Fifteen formal submissions have been made to the review of the Code of Professional Conduct for AFAs' minimum standards of competency, knowledge and skill.
Pain expected with FAA changes
3 December 2015 - Independent authorised financial advisers may be the ones to feel the biggest pain if changes suggested in the Financial Advisers Act review options paper...
Fears any new licensing regime will be onerous
3 December 2015 - Independent authorised financial advisers may be the ones to feel the biggest pain if changes suggested in the Financial Advisers Act review options paper are enacted, it has been suggested.
Seeking Goldilocks for FAA changes
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”...
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.
Cautious approval for options paper
26 November 2015 - There is tentative support for the Ministry of Business, Innovation and Employment’s options paper, which will guide the Financial Advisers Act review.
Commissions report gets no traction with MBIE
25 November 2015 - [UPDATED] The contentious Melville Jessup Weaver report into insurance adviser remuneration structures might have been an expensive waste of money.
RFA standards set to lift
25 November 2015 - [UPDATED] An options paper that will guide the review of the Financial Advisers Act has been released. It seems virtually certain that RFAs can expect their regulatory obligations to increase - although a ban or restriction on commissions is not a "preferred option".
Commission regulation not likely: Goldsmith says
12 November 2015 - Government is unlikely to consider commission restrictions along the lines of those imposed in Australia, the Commerce Minister says.
Lessons, not rules, from Aussie experience
22 October 2015 - Australia’s financial system inquiry is likely to inform the direction of the Financial Advisers Act review but many of the changes suggested are already happening here.
Do advisers need an ad campaign?
21 October 2015 - A campaign to lift public awareness of the financial advice industry is being suggested as a possible solution to improve financial advisers' standing in the eyes of the public.
Lines drawn in commissions debate
15 October 2015 - There is general support for insurance advisers being paid commissions, but debate about whether there should be restrictions on how much they get, submissions made to the Financial Advisers Act review show.
Industry not happy with RFAs
14 October 2015 - Participants right across New Zealand's financial services sector would like to see an end to registered financial advisers.
Hundreds offer FAA review input
12 October 2015 - Hundreds of people have made their views on the Financial Advisers Act heard.
Best way to solve FAA? Bin it and start afresh
24 September 2015 - One group representing financial advisers has told the Ministry of Business, Innovation and Employment that the best way to progress the Financial Advisers Act review is to destroy the legislation completely.
Call for one dispute scheme
15 September 2015 - UPDATED All financial service providers should belong to one disputes resolution scheme, Partners Life has argued.
Call for clarity on 'one code for all'
7 September 2015 - It must be made clear to advisers that the Code of Professional Conduct would need to be tweaked if it is to apply to the entire advice industry, a PAA board meeting has been told.
RFAs not impressed by push for one standard
25 August 2015 - PAA may want just one class of financial adviser – but not all of its members agree.
Southall moved from review
24 August 2015 - There has been a change at the helm of the Financial Advisers Act review.
Submission slams FMA
7 August 2015 - SiFA has entered a searing submission in response to the Financial Advisers Act review issues paper.
162 offer FAA feedback
31 July 2015 - MBIE says it is pleased with the level of feedback it has received in response to the Financial Advisers Act review issues paper.
Massey calls for Act overhaul
30 July 2015 - Industry regulations are cumbersome and reduce the number of advisers operating in the New Zealand market, a group of Massey University academics say.
RFAs backing call for one law for all
29 July 2015 - The PAA wants one set of standards for all financial advisers - but it says it has the backing of its RFA members.
FSC: All advisers should be equal
27 July 2015 - The FSC wants RFAs to choose: Operate at the level of AFAs or declare themselves salespeople.
Submissions call for big law changes
22 July 2015 - The Financial Advisers Act (FAA) needs to stop thinking about advisers in terms of the products they deal in and start thinking about how they put them to work for their clients, the Institute of Financial Advisers (IFA) says.
Are you digitally connected?
17 July 2015 - Advisers need to reconsider the way they connect with their clients digitally, new research suggests.
Review should consider how to attract advisers
15 July 2015 - How to attract the next generation of advisers into the industry has been identified as a key concern at a recent panel discussion.
Call to require all advisers to live by Code
14 July 2015 - All advisers should be bound by the Code of Professional Conduct that applies to authorised financial advisers, it has been claimed.
QFE models needed former regulator says
9 July 2015 - The need to change the designations applied to different groups of financial advisers is one issue where there is some consensus in the review of the Financial Advisers Act. There needs to be change.
Scrap designations and replace with advisers and sales people
8 July 2015 - The current designations for financial advisers should be scrapped and replaced with two new groups, advisers and distributors, Barry Read says.
What is the problem the FAA is trying to fix?
3 July 2015 - As the review of the Financial Advisers Act slowly rolls on we have had a few interesting reports come out. Here I take stock of what we’ve learnt so far.
Advice is about relationships, not legislation
3 July 2015 - It will come as no surprise to advisers that a survey of consumers shows that they value their personal relationship more highly than legislative requirements and qualifications.
Act not serving consumers
23 June 2015 - Consumers are “hopelessly confused” by aspects of the Financial Advisers Act as it stands, commentators say.
FAA doesn't work: Everett
17 June 2015 - FMA chief executive Rob Everett says the FAA doesn't work, but wonders how much advisers want to change it. "We strongly support the ‘root and branch’...
Are all views equal?
17 June 2015 - How much should consumer feedback drive the review of the Financial Advisers Act?
More financial advisers not necessarily best result: Goldsmith
9 June 2015 - The Commerce Minister says he is mindful of the cost imposed on financial advisers every time regulation changes.
Does financial services industry need four disputes schemes?
8 June 2015 - The chief executive of one of the country’s financial services external disputes resolution services is not worried that the Financial Advisers Act review issues paper seems to be taking aim at them.
Clients surveyed
2 June 2015 - Financial advice clients’ perspective on the industry is being sought by Massey University researchers. Janine Scott and Claire Matthews are asking consumers...
Did issues paper miss opportunities?
29 May 2015 - This week’s Financial Advisers Act review issues paper raises a number of important points but misses some too, the PAA’s compliance expert says.
FAA review issues paper welcomed
27 May 2015 - There’s praise for the Financial Advisers Act review issues paper, which is being described as wide-ranging and asking the right questions about the regulation of the industry.
Risk adviser's guide to the FAA review
27 May 2015 - The Issues Paper for the Review of the Financial Advisers Act 2008 and the Financial Service Providers (Registration and Dispute Resolution) Act 2008 is now out.
Issues paper on FAA review out
26 May 2015 - Commerce Minister Paul Goldsmith has released for discussion an Issues Paper
Ministry needs to better understand disputes schemes: FSCL
19 May 2015 - If financial advisers think that disputes about their work are going to go away and the four external resolution schemes will disappear, then they are mistaken.
FMA asks: What's your plan?
23 April 2015 - FMA is surveying advisers who are currently authorised to provide DIMS, to determine what action they plan to take after next month.
Tell MBIE what you think of regulation
13 March 2015 - Advisers are being asked to fill out a survey for the Ministry of Business, Innovation and Employment on what they think about regulation of the sector, as part of the review of the Financial Advisers Act.
Principles approach to FAA review likely
27 February 2015 - Advice accessibility and suitability, as well as issues of conflict of interest, are likely to be top of the list to address as the Financial Advisers Act is put up for review, a regulation expert says.
FAA survey circulated
20 February 2015 - A draft of the survey of financial advisers, to be used in the FAA review this year, has been circulated among professional associations for feedback. MBIE...
Spicers goes to court to get adviser client files
12 February 2015 - Spicers has won a battle to get client files from a former franchisee who had decided to relinquish its relationship with the AMP-owned firm.
