Thursday, August 6, 2020

Compliance & regulation

Get Ready For Day One Now

The future been spelled out for financial advisers planning to operate under the incoming regulatory regime. During a webinar organised by the Financial Services Council,...

How To Register As A Financial Adviser

Financial Advice NZ has produced a guide to registering as an AFA and RFA. The organisation's CEO Katrina Shanks says she receives lots of calls...

Financial Conduct Bill ‘Has Serious Flaws’

Members of the select committee overseeing the Financial Markets (Conduct of Institutions) Amendment Bill heard that while the bill is well intended, it has...

Calls For Time Out On Financial Markets Amendment Bill

The introduction of the Financial Markets (Conduct of Institutions) Amendment bill should be suspended for the foreseeable future. That's the view of Katrina Shanks,...

Key Australian Licensee Firms Respond To New FPA Policy

The Australian FPA policy recommending that a professional registration for individual financial planners replace the current system requiring an AFSL to provide advice, is...

FAP And Adviser Obligations – Webinar

The Financial Services Council (FSC) is holding a Get in Shape webinar on Friday 12 June to explore the obligations of financial advisers and...

Reserve Bank Watching Insurers’ Liquidity

A number of New Zealand life insurance companies have been operating with low solvency buffers, with some having been adversely affected by falling interest...

Hundreds of Transitional Licences Approved by FMA

The FMA has approved almost 800 transitional licence applications, representing around 5,500 financial advisers, says the regulator in a statement to the media. With around...

Industry Levies to Rise – Updated

Industry levies for AFAs are to rise from $330-a-year to $380 plus GST for the 2020/21 year as the Crown prepares to reduce its...