Thursday, July 19, 2018

Tag: MBIE

CWG Working Towards Consultation on Draft Standards 

The Financial Advice Code Working Group has received 160 submissions, since it released its consultation document for the new Code of Conduct in March, it...

Focus on Client Costs – Not Commissions, Says New Body 

Financial Advice New Zealand recently submitted its response to MBIE on the recent disclosure consultation paper (see: MBIE Seeking Feedback…). In it, the new body...

New Body Revs up For July 1 Launch

Katrina Shanks commenced her role as CEO of Financial Advice New Zealand this week and the new body has revealed the following developments in...

MBIE Hints at New Regulator For Insurance Industry

MBIE has hinted at its preference for the establishment of a single entity to regulate the NZ financial services sector. Its issues paper stated: “Taken...

MBIE Seeks to Raise Readability Factor of Disclosure

Options for making disclosure more accessible and 'readable' to consumers and more flexible for advisers, was discussed at a recent seminar on the future...

Greater Disclosure Will Help Industry Long-term, Says AFA  

Although tighter requirements around disclosure may cause ‘short-term pain’ for RFAs, the changes will strengthen the industry in time, says Cave Financial's Managing Director, Michael...

Future Commission Disclosure – Your View

Our latest poll seeks your opinion on the prominence which should be given to the disclosure of your remuneration within the new financial advice...

MBIE Seeking Feedback on Disclosure Requirements 

The Ministry for Business, Innovation and Employment (MBIE) has released a discussion paper on disclosure requirements in the new financial advice regime. The proposed regulations...

Lack of Succession Plans Among Ageing Advisers, Warns AMP

For the majority of advisers, the time for succession planning is now, says AMP General Manager Advice and Sales, Therese Singleton, but she warns it...