Majority of Advisers on Path to a Full Licence
Eighty-six per cent of financial advice providers have started, or have completed, the full licence application process.
According to the FMA, 66% of financial advice...
‘Creaking Systems’ Behind Hundreds of Life Insurance Issues
“Creaking systems and weak controls,” are some of the underlying problems that saw more than 200 life insurance issues reported to the FMA during...
Less Than Half of Advisor Business Ready For an Audit
There's mixed results to our latest poll that asks advice business owners if they are prepared for an FMA audit.
Of those who have so...
Top 10 Adviser Licensing Myths Busted by FSC
The new financial advice regime begins on 16 March 2023, yet – says the FSC's CEO Richard Klipin – many advisers are burying their...
FMA to Change Executive Leadership Team
The FMA is to change its executive leadership team in preparation for its expanding mandate that will see its total workforce increase to around...
Top Tips For Improving FAP Compliance
Strategi Compliance has published its top tips for those seeking to improve their overall regulatory compliance.
In a statement, the firm says that when it...
How to Handle an FMA Audit
The issue of an FMA audit is the subject of the latest Compliance Refinery Director Bootcamp podcast featuring Melanie Purdey and the firm's CEO...
FMA Seeks to Better Understand the Advice Sector
A key focus for the FMA over the coming months is to understand how its new regulatory regime is working for the financial advice...
Stop Order Issued to Bogus Financial Adviser
The FMA has made a permanent stop order that applies to Wisdom House Investment Partners and Yuen Pok (Paul) Loo.
After making an interim stop...