Home Detention for Former Financial Adviser
A former financial adviser has been sentenced in the Manukau District Court following a prosecution brought by the FMA.
In September 2023, Yuen Pok (Paul)...
Minister Bayly to Reform CoFI
In his inaugural address to the financial services sector at the FSC's Outlook 2024 conference, the Minister of Commerce and Consumer Affairs Andrew Bayly...
Fair Conduct Programmes a Matter for the Board – FMA
The FMA's CEO Samantha Barrass (pictured) told those attending the FSC's Outlook 2024 conference that her organisation will not review company's fair conduct statements.
Addressing...
Simplification of Regulations Welcomed
Financial Advice NZ says a plan to simplify CoFI regulations, while keeping a fair conduct programme to protect consumers, is a welcome move by...
Your 2024 Compliance Check List
Industry training firm Strategi Group has published the key activities that it says should demand the attention of compliance officers this year.
The firm says...
Adviser Avoids Paying Client $100,000
Our stand-out story of the week highlights the importance of keeping accurate notes of client calls and interactions. In this case, an adviser successfully...
FMA Fair Outcomes Consultation
The FMA's consultation period on its approach to outcomes focused regulation closes in March.
The regulator says a focus on outcomes means it will be...
Financial Complaints Rise 17%
Financial Services Complaints Limited (FSCL) has seen a 17% increase in complaints and a 36% increase in disputes (cases the service formally investigates) in...
Adviser Pays Client Compensation
News that an adviser paid compensation to a client, following the Financial Ombudsman's review of a complaint, generated significant interest this week...
A financial adviser...