Friday, October 19, 2018

Compliance & regulation

FSLAB Passes Second Reading 

The Financial Services Legislation Amendment Bill has passed its second reading in Parliament on 12 September 2018. Receiving unanimous support, the next step will see the...

“You Can’t ‘Will’ Good Conduct” – FMA Chief

Financial Markets Authority (FMA) Chief Executive, Rob Everett, gave a cautionary address on the deterioration of trust and repercussions of poor conduct at the...

Australian Royal Commission Will Not Examine Life Insurance Advice

Financial advice related to life insurance will not be examined during the current round of hearings of the Royal Commission into Misconduct in the...

FSC Launches New Code of Conduct

The Financial Services Council (FSC) has launched its new Code of Conduct, containing a new set of standards and guidance for its members. Developed by...

Non-Disclosure Tops Life Insurance Complaints

Non-disclosure was the top complaint issue for health, life and disability insurance-related complaints made to the Insurance & Financial Services Ombudsman Scheme (IFSO), in...

Adviser Doubt on FSLAB Outcomes

The jury is well and truly out on whether the proposed FSLAB reforms will ultimately improve access to high-quality financial advice in New Zealand. As...

New Compliance Service Launched

A new compliance solutions firm, Compliance Refinery, has launched for financial advisers. The company provides solutions that fit with adviser businesses taking into account the...

Competency Resources Released For Financial Advice NZ AFA Members

Financial Advice New Zealand has launched a range of competency resource documents for its AFA members. The resource materials include clarification commentary from David Ireland,...

FMA to Prioritise Quality Advice Access

The Financial Markets Authority (FMA) has outlined its priorities for 2018/19, following the release of its Annual Corporate Plan. The Plan identified eight strategic priorities and...

Latest Poll – Will FSLAB Work?

Our latest poll seeks your verdict on whether the current FSLAB regulatory reform process will achieve the Government's primary goal of improving access to...