Wednesday, May 22, 2019

Compliance & regulation

Record Keeping Still Vital Under New Code

Adviser Business Compliance Director, Gavin Austin, says record-keeping is still integral to an advice business even though the newly approved Code of Professional Conduct...

Poll Results – Mixed Feelings on the Code 

Last week we asked whether you supported the newly approved Code of Professional Conduct for Financial Advice Services and the results were quite surprising. At...

Code Working Group Responds to Association’s Concerns

Code Working Group Chair, Angus Dale-Jones, has addressed concerns raised last week by Financial Advice New Zealand on the final Code of Professional Conduct. The...

Commission Cap Concerns

Bruce Cortesi and Darrin Franks, who previously published a new remuneration concept paper (see: New Adviser Remuneration Model Discussion Paper Released...) have voiced their...

Latest Poll – Concerns With the Code 

In our latest poll, we ask whether you support the new Code of Conduct, which was approved by Minister Faafoi last week (see: Minister...

Code Falls Short – Financial Advice NZ

Financial Advice New Zealand has said the newly approved Code of Conduct has lost an opportunity for the sector with inconsistent qualification requirements. It claims...

Poll Results – Commission Cap Possibility Not a Favoured Choice 

It probably comes as no surprise that the results of our latest poll suggest a capping of life insurance commissions would not be a...

FMA Cracks Down on FSPR Abuse 

Morgan DeVere Corporate Finance has been convicted at the Wellington District Court on two counts of breaching the Financial Services Providers Act 2008 (FSP...

Minister Approves Code of Conduct

The Code Working Group has confirmed that the Minister of Commerce and Consumer Affairs, Kris Faafoi, has approved the Code of Conduct on 7...

Suncorp NZ Confident in Strategy for Regulatory Change

Suncorp New Zealand has revealed it has established a specific program of work, to address the issues raised in the FMA/RBNZ conduct and culture...