Financial Advisers
Commerce Commission finds mortgage advisors face a conflict of interest because they are incentivised to recommend a lender who pays them the best commissions, even if that lender is not the best fit for the borrower
4th Apr 24, 7:28am
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Commerce Commission finds mortgage advisors face a conflict of interest because they are incentivised to recommend a lender who pays them the best commissions, even if that lender is not the best fit for the borrower
Reforming the controversial Credit Contracts & Consumer Finance Act could turn out to be more complex than hoped by its critics
26th Oct 23, 10:09am
2
Reforming the controversial Credit Contracts & Consumer Finance Act could turn out to be more complex than hoped by its critics
Research commissioned by the Financial Markets Authority shows large numbers of people who switched to low risk funds at the peak of market volatility have not returned to high growth funds
17th Jun 21, 5:01am
12
Research commissioned by the Financial Markets Authority shows large numbers of people who switched to low risk funds at the peak of market volatility have not returned to high growth funds
Westpac NZ and Forsyth Barr trumpet the sale of the bank's financial advisory business to Forsyth Barr
11th Nov 20, 2:11pm
Westpac NZ and Forsyth Barr trumpet the sale of the bank's financial advisory business to Forsyth Barr
A 325% debt-to-disposable income ratio, household debt growing at a more sustainable rate, horticulture lending being monitored, eye watering life insurance commissions & more from the RBNZ's FSR
29th Nov 18, 12:00pm
27
A 325% debt-to-disposable income ratio, household debt growing at a more sustainable rate, horticulture lending being monitored, eye watering life insurance commissions & more from the RBNZ's FSR
Bank lobby group quickly backs away from idea it floated earlier this month of establishing a bad conduct register for naughty financial services workers
24th May 18, 10:52am
Bank lobby group quickly backs away from idea it floated earlier this month of establishing a bad conduct register for naughty financial services workers
BNZ CEO Angela Mentis says systemic bad bank behaviour happening in Australia is not happening at BNZ, but the NZ bank's not complacent
4th May 18, 9:54am
BNZ CEO Angela Mentis says systemic bad bank behaviour happening in Australia is not happening at BNZ, but the NZ bank's not complacent
Govt seeks feedback on what tough disclosure requirements to curb conflicted advice should look like in the absence of a ban of commissions
11th Apr 18, 8:16am
19
Govt seeks feedback on what tough disclosure requirements to curb conflicted advice should look like in the absence of a ban of commissions
BNZ launches programme to enable brokers to electronically lodge mortgage applications; Hopes move will improve industry standards
13th Nov 17, 10:36am
6
BNZ launches programme to enable brokers to electronically lodge mortgage applications; Hopes move will improve industry standards
Melior Law and Regulation's Rebecca Sellers on how economics became a religion, the future of Fintech, the high price of sales culture, how to be a human leader and more
14th Jul 17, 10:05am
6
Melior Law and Regulation's Rebecca Sellers on how economics became a religion, the future of Fintech, the high price of sales culture, how to be a human leader and more
The banking industry is seeking the public's views on its proposed new, dramatically thinned down, Code of Banking Practice. But is the new Code too vague?
21st Jun 17, 5:02am
10
The banking industry is seeking the public's views on its proposed new, dramatically thinned down, Code of Banking Practice. But is the new Code too vague?
Independent complaints body warns: Don't cancel your old life insurance policy until the stand down period of your new one has lapsed
19th May 17, 10:43am
Independent complaints body warns: Don't cancel your old life insurance policy until the stand down period of your new one has lapsed
IMF calls for FMA to immediately fill cracks in the system so 'all aspects of the insurance product life cycle' are regulated
10th May 17, 10:12am
IMF calls for FMA to immediately fill cracks in the system so 'all aspects of the insurance product life cycle' are regulated
Major Aussie banks move quickly to act on recommendations they change how they pay retail banking staff, NZ banks 'support customer first obligations'
20th Apr 17, 9:36am
Major Aussie banks move quickly to act on recommendations they change how they pay retail banking staff, NZ banks 'support customer first obligations'
Financial Markets Authority to step up anti-money laundering monitoring in 2017 & offer training in partnership with the Police Financial Intelligence Unit
9th Dec 16, 9:30am
1
Financial Markets Authority to step up anti-money laundering monitoring in 2017 & offer training in partnership with the Police Financial Intelligence Unit
EY's Tameela Bandara says the FMA appears set to become a significantly more powerful regulator with increased discretion around decision-making
8th Aug 16, 10:13am
EY's Tameela Bandara says the FMA appears set to become a significantly more powerful regulator with increased discretion around decision-making
FMA warns commissions paid to financial advisers risk bumping up the price of life insurance; Goldsmith remains adamant commissions won't be banned
29th Jun 16, 11:36am
7
FMA warns commissions paid to financial advisers risk bumping up the price of life insurance; Goldsmith remains adamant commissions won't be banned
EY Law's Rebecca Sellers says plenty of work is going on to test NZ’s financial services regulation is meeting international best practice, but she warns technological advances can make laws quickly redundant
29th Apr 16, 8:15am
1
EY Law's Rebecca Sellers says plenty of work is going on to test NZ’s financial services regulation is meeting international best practice, but she warns technological advances can make laws quickly redundant
Survey results highlight public skepticism of financial advisers; underlines urgency for Financial Advisers Act overhaul
10th Dec 15, 3:06pm
1
Survey results highlight public skepticism of financial advisers; underlines urgency for Financial Advisers Act overhaul
Financial institutions must develop a culture owned and understood from the boardroom to the call centre to meet FMA's new sales & advice expectations, says EY's Rebecca Sellers
21st Nov 15, 5:02am
2
Financial institutions must develop a culture owned and understood from the boardroom to the call centre to meet FMA's new sales & advice expectations, says EY's Rebecca Sellers
Minister Paul Goldsmith admits he doesn't like the idea of the Govt directly regulating how insurers incentivise advisers to sell their products; says he'd rather a better 'disclosure regime'
12th Nov 15, 5:02am
1
Minister Paul Goldsmith admits he doesn't like the idea of the Govt directly regulating how insurers incentivise advisers to sell their products; says he'd rather a better 'disclosure regime'
Life insurance industry expected to benefit if NZ follows in the footsteps of Australia & limits commissions paid to brokers and advisers
6th Aug 15, 5:05am
Life insurance industry expected to benefit if NZ follows in the footsteps of Australia & limits commissions paid to brokers and advisers
Will Australia's crack-down on commissions paid to financial advisers cross the Ditch to NZ?
1st Jul 15, 8:01am
6
Will Australia's crack-down on commissions paid to financial advisers cross the Ditch to NZ?
Government asks for advice on how to deal with offshore entities abusing NZ's Financial Service Providers Register
27th May 15, 12:02pm
Government asks for advice on how to deal with offshore entities abusing NZ's Financial Service Providers Register
Major Australian banks have been rocked by financial advice scandals. How are their NZ subsidiaries, and NZ regulatory framework, placed to avoid these?
27th Mar 15, 1:58pm
5
Major Australian banks have been rocked by financial advice scandals. How are their NZ subsidiaries, and NZ regulatory framework, placed to avoid these?