Articles tagged with 'PAA'
PAA Legacy Trust announces new chair
20 April 2021 - After the departure of founding chairperson, Trevor Slater, a new chairperson has been appointed to the trust.
PAA Legacy Trust calling for 'innovation' from advisers
10 February 2021 - The PAA Legacy Trust has launched a new website with the aim of transparency and attracting applications to its grants, says independent chair and trustee Trevor Slater.
First grants made with holiday homes money
11 March 2020 - The PAA Legacy Trust has started to make grants to the financial advice sector.
PAA: GST return delayed wind-up
21 January 2020 - The Inland Revenue is partly to blame for a delay in the wind-up of the PAA.
What's happened to the $2mill from PAA's holiday homes?
16 January 2020 - The Professional Advisers Association (PAA) controversially sold its holiday homes in 2016 netting around $2 million; but what's happened to that money? Susan Edmunds investigates.
PAA wind-up falls short of quorum
7 September 2018 - The PAA will make another attempt to hold a meeting to wind-up the association.
Associations' last days
18 June 2018 - Two organisations that have been at the forefront of financial advice in New Zealand over recent decades are in their final weeks.
PAA gets 'yes' vote, takes next step to wind-up
11 June 2018 - PAA members have voted to establish the association's Holiday Home Legacy Trust.
PAA rules out legal funds for opposing members
5 June 2018 - The PAA has scuttled a request by long-standing members for legal representation to support them in their fight for more compensation from the sale of the association’s holiday homes.
PAA attempts holiday homes vote 2.0
30 May 2018 - The PAA is taking its Holiday Home Legacy Trust deed to a vote again next week – but some members are still not happy.
Opportunity for independent advisers to shine
10 May 2018 - Fallout from Australia’s Royal Commission of Inquiry into Misconduct in the Banking, Superannuation and Financial Services Industry is likely to lead to more focus on compliance in New Zealand – but will create an opportunity for independent advisers.
'Not all advisers churning'
23 March 2018 - New Zealand’s financial advice sector has welcomed the Financial Markets Authority’s long-awaited report into life insurance churn – but said its findings shouldn’t be taken as representative of the industry as a whole.
Financial Advice NZ recruiting
12 December 2017 - New professional association Financial Advice NZ appears to be addressing concerns about how it will represent all strands of advice, by opting for a system of colleges.
The Wrap: Bill gets yes, PAA gets no
8 December 2017 - We weren’t sure it was going to happen this side of the new year but this week the Financial Services Legislation Amendment Bill had its first reading in Parliament.
PAA gets 'no' vote
5 December 2017 - PAA’s Holiday Home Legacy Trust could eventually be used to help fund the work of Financial Advice New Zealand - but first the association's members, including its own board, will need to change their minds about its trust deed.
PAA: Meeting failure could hold up Financial Advice NZ
22 November 2017 - PAA members are being told it was "disheartening" that the association could not get quorum for its recent annual general meeting in Auckland - and they'll need to do better if the establishment of Financial Advice NZ is to happen smoothly.
The Wrap: Has FSC launched a pre-emptive strike on the new adviser association?
10 November 2017 - A question on our minds this week is this: Has the Financial Services Council (FSC) launched a pre-emptive strike on the new Financial Advice New Zealand association?
Target on advisers outside associations
7 November 2017 - Advisers who are not members of a professional association risk becoming disengaged or missing out on important information about the upcoming advice regulation overhaul, the Financial Services Council says.
PAA AGM cancelled due to lack of interest
26 October 2017 - The PAA’s latest annual general meeting did not go ahead last Thursday because an insufficient number of members showed up. The event was scheduled on...
Financial Advice New Zealand launch date set
26 October 2017 - Financial Advice New Zealand will administer a quality service mark for its adviser members as it works to boost public trust and confidence in the profession, it has been revealed.
PAA AGM fails to hit quorum
25 October 2017 - The PAA’s latest annual general meeting did not go ahead because too few members showed up.
Getting to Know: Anand Srinivasan
6 October 2017 - Anand Srinivasan has been making waves since he gave up working for a provider to work for himself.
Financial Advice NZ: Much ado about nothing?
29 September 2017 - It could be next year before the groundwork is fully laid for the new financial advisers’ association, pundits suggest.
Advisers welcome Sovereign sale news
22 September 2017 - Advisers are optimistic about the future for Sovereign, which will be bought by AIA.
FANZ versus Financial Advice NZ
19 September 2017 - A legal stoush is brewing over the use of four little letters, and advisers say those developing the new professional body for the industry may not have thought hard enough about its name.
Triplejump could get boost from new qualification rules
14 September 2017 - Triplejump is expecting upcoming changes to the qualification requirements for advisers to boost demand for its new learning platform.
Cameron Marcroft talks about becoming a top adviser
5 September 2017 - Eighteen months after leaving dealer group NZFSG, Cameron Marcroft has been named new mortgage adviser of the year. Here's his story.
Nagging and the definition of ‘financial advice’
28 August 2017 - Once upon a time we had this corporate guru come and talk to us about teams and communications.
Getting to Know: Reagan Bax
25 August 2017 - Is Reagan Bax, brother of model Kylie Bax, the only member of the NZ financial advice sector to have played golf with Donald Trump?
Adviser wants 'gold standard' for industry
25 August 2017 - A financial adviser with trans-Tasman experience says New Zealand advisers are subject to insufficient regulation, compared to their Australian counterparts.
Industry demands details
23 August 2017 - The financial advice sector has been left puzzled by the role of nominated representatives in the new financial advice regime, how they will work for Financial Advice Providers, and how consumers might complain about them, should they need to.
Financial Advice NZ? Wait and see
10 August 2017 - One adviser association will wait a couple of years before deciding whether its members will join Financial Advice NZ.
Law changes an imperfect improvement
8 August 2017 - Changes made to the Financial Services Legislation Amendment Bill before it was introduced to Parliament have been welcomed by the financial advice sector - but some say they did not go far enough.
PAA hands out gongs, but not to lenders
4 August 2017 - The PAA handed out its excellence awards, designed to recognise the passion, pride, professionalism and general excellence in the mortgage advice industry.
Awards to industry's finest
4 August 2017 - Industry stalwarts and newcomers have been recognised with awards at this year’s joint IFA/PAA conference.
PAA talks through concerns with ASB
3 August 2017 - PAA chairman Bruce Cortesi has told members the association had an “open, honest and fruitful” conversation with ASB, as it works to tackle bank practices it says undermine advisers.
Financial Advice NZ set for take-off
3 August 2017 - Financial Advice NZ's working group has revealed the board who will lead it through the establishment phase.
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.
Financial Advice NZ funding a work in progress
24 July 2017 - Determining exactly how much money will be required to get Financial Advice NZ off the ground, and where it will come from, is something the working group developing the new adviser association is still grappling with.
Peters wants spotlight on banks
20 July 2017 - There is support among the financial advice sector for Winston Peters' call for an investigation into banks.
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.
Bank battle costs sponsorship
9 July 2017 - PAA’s attempt to take on the banks over practises it says are undermining advisers looks to have cost it a major sponsor at this year’s adviser conference.
Banks refuse comment on PAA letter
2 July 2017 - Banks are staying tight-lipped over the PAA's recent claim that their practises are undermining mortgage advisers.
PAA slams banks for undermining advisers
29 June 2017 - Unfair bank practices designed to undermine advisers have incurred the wrath of the Professional Advisers Association (PAA) and prompted it to go into bat for its members.
PAA vs the banks: Round one
28 June 2017 - The simmering tension between banks and brokers erupted after the PAA came out swinging for mortgage advisers, but did they deliver a knock-out blow?
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.
FARs - where's the accountability?
29 March 2017 - It is appropriate for financial advice providers to be accountable for their financial advice representatives, because they are simply acting as a conduit between the provider and the client, the Ministry of Business, Innovation and Employment says.
Advisers tackle client-first question
28 October 2016 - A very useful session of industry commentators was held last week at a forum initiated by the IFA and PAA on the contentious subject of “putting the interests of the client first” versus “acting in the best interests of the client”, writes IFA chief executive Fred Dodds.
Young mortgage adviser of the year named (+ VIDEO)
29 July 2016 - Jeff Elias from Online Mortgage Brokers in Wellington has been named as the PAA's Young Mortgage Adviser of the Year.
Country's top lenders named
29 July 2016 - The Professional Advisers Association has handed out its top awards to lenders and a business development manger. Read more. ...
Associations: Act on dodgy advice
4 July 2016 - Adviser associations are hoping the Financial Markets Authority will act quickly on any instances of bad behaviour among insurance advisers.
Industry groups seek more information
29 June 2016 - There’s tentative support for the establishment of Financial Advice New Zealand from some of the industry’s other professional bodies – but a call for more detail.
Associations expecting 'yes' vote
28 June 2016 - PAA’s chief executive says he would be very surprised if his organisation's members did not vote in favour of the establishment of Financial Advice New Zealand.
Your views on the (proposed) new adviser association
16 June 2016 - TMM Online last week asked mortgage advisers what they thought about the idea of a new association to represent all the various disciplines. Here's what people are saying.
Clarification offered on Financial Advice NZ questions
14 June 2016 - A Q&A detailing the closure of the IFA and PAA, posted on both organisations’ websites, as an early draft that had been superseded, the IFA’s president says.
Details of Financial Advice NZ yet to be worked out
10 June 2016 - It is too soon to say what the structure of a new professional association to represent financial advisers might look like, says IFA president Michael Dowling.
PAA and IFA reveal plans to launch new, unified organisation
9 June 2016 - The Institute of Financial Advisers and the Professional Advisers Association have told members they plan to create a new organisation: Financial Advice New Zealand
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.
PAA sorry for launch invitation
28 April 2016 - A mass email from the Professional Advisers Association inviting its members to a Partners Life product launch has been swiftly followed by an apology and an assurance that "this type of communication will not be sent to members in the future."
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.
'Disappointed' PAA boss says advisers support missive
29 March 2016 - PAA boss Rod Severn says he received an outpouring of response to his email telling members he was disappointed in their lack of attendance at the recent adviser roadshows.
Advisers criticised for no-show
24 March 2016 - A low level of adviser turnout at recent roadshows has exasperated the Professional Advisers Association (PAA) chief executive.
Conference registrations open
1 March 2016 - This year’s IFA and PAA joint conference is open for registrations.
A blunt instrument in the wrong hands: PAA
23 November 2015 - PAA chief executive Rod Severn says there are some good recommendations in hte MJW report, but it is let down by MJW's unbalanced view of replacement business and the value of advice.
Advisers: MJW report not fair
23 November 2015 - Advisers and their remuneration structures have been unfairly singled out for criticism, the Professional Advisers Association says.
PAA: Mud-slinging damaging the industry
19 November 2015 - Mud-slinging between different factions of the financial services industry is damaging and could harm its reputation, the chairman of the Professional...
PAA offers FSC support
19 November 2015 - Mud-slinging between different factions of the financial services industry is damaging and could harm its reputation, the chairman of the Professional Advisers Association says.
Advice firm awarded
13 October 2015 - Advice firm Global Financial Services won the Excellence in Customer Service award at the recent Westpac Auckland South Business Awards. The company is...
Advisers question value of multiple memberships
13 October 2015 - Advisers say closer collaboration between professional associations may be reducing the incentive to be a member of more than one.
Another joint conference planned
17 September 2015 - Another joint conference is planned by the Institute of Financial Advisers and the Professional Advisers Association.
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.
Franks joins PAA board
4 September 2015 - Management consultant and former AIA head of distribution Darrin Franks has been added to the Professional Advisers Association board as an independent member.
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.
Commission, replacement not an issue, summit hears
4 August 2015 - A recent PAA "summit on accessibility of advice" shows industry consensus that adviser remuneration and replacement business are not problems in and of themselves, the association’s president says.
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.
Advisers may miss their chance: Cortesi
7 July 2015 - Many financial advisers are not taking the review of the Financial Advisers Act seriously enough, the president of the PAA says.
Ethical approach a business opportunity
18 June 2015 - New Zealand financial advisers are increasingly willing to consider the ethics of how they run their business, one specialist says.
Westpac takes out top award
15 June 2015 - Westpac was crowned lender of the year at PAA Conference in Auckland last week.
Partners collects another accolade
12 June 2015 - Partners Life has been named the Insurance Provider of the Year at the PAA Excellence Awards for the second time in the company’s four-year history.
Advisers asked for input
12 June 2015 - Advisers have been handed five key questions that will help the IFA and PAA make a submission on the Financial Advisers Act review.
Conference nearly full
26 May 2015 - Have you got your tickets to the National Advisers Conference yet?
The only way is up for the PAA: Severn
15 May 2015 - Professional Advisers Association chief executive Rod Severn says the future for the PAA is bright and it is growing.
Associations must change, IFA bosses say
13 May 2015 - Change may be inevitable if New Zealand’s financial adviser associations are to survive, it has been suggested.
PAA votes to abolish holiday home scheme
7 May 2015 - PAA is to push ahead with plans to sell off its holiday homes, but is giving members of the scheme a reprieve to use them one last time over summer.
Cortesi: Many want association merger
31 March 2015 - It is inevitable that the financial services industry’s professional bodies will have to work more closely together in future, the president of the PAA says.
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.
Best bank rate review
19 March 2014 - An increase to the OCR last week has triggered the start of increasing home loan interest rates, but these rises haven't been limited to floating rates. Philip Macalister reviews what's happening and which bank is offering the best pricing deals.
PAA/NZMBA joint board creation in final stages
25 October 2011 - The creation of a joint board for the PAA/NZMBA is in its final stages and members of both bodies are strongly supportive of the two working closer together.
Floating mortgage rates won't be rising any time soon
28 April 2011 - Floating mortgage rates won't be rising any time soon with Reserve Bank governor Alan Bollard holding interest rates steady and emphasising the uncertain economic outlook means they will stay there for some time.
Floating mortgage rates won't be rising any time soon
28 April 2011 - Floating mortgage rates won't be rising any time soon with Reserve Bank governor Alan Bollard holding interest rates steady and emphasising the uncertain economic outlook means they will stay there for some time.
PAA, LBA dismiss PI concerns
7 May 2009 - Members of New Zealand's two main insurance-based advisory associations have not experienced any difficulties with their professional indemnity (PI) cover, Good Returns was told yesterday, in contrast to problems reported by the Institute of Financial Advisers (IFA) last week.