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...
Senior FMA Resignation
Just over a year after being appointed as the FMA's Executive Director, Response and Enforcement, Paul Gregory, has resigned.
He is to take up a...
Feedback Sought on Updated Qualification
The draft version of the revised entry-level qualification for financial advisers has been published by the Workforce Development Council, which is now calling for...
FMA Censures FAP For Breaching Licence Obligations
The FMA has censured Go Financial Solutions for failing to comply with several obligations under its financial advice provider licence.
The authority says in a...
FMA Celebrates its ‘Strong Progress’ in Annual Report
The FMA has achieved all its performance measures, according to its latest annual report – which covers the 12 months to June 2023.
The regulator...
Industry Body Welcomes ‘Breathing Space’ on CCCFA
Making our Story of the Week is news that the National Government has released a list of action points that has been welcomed by...
Adviser Firm Licence Cancelled by FMA
The FMA has cancelled Foundation Advice Limited’s (FAL) FAP licence. FAL was an Auckland-based company offering advice on life and health insurance as well...
No ‘Red Flags’ for Advisers in Level 5 Review
An assurance that the Certificate in Financial Services will remain fit-for-purpose caught the attention of Riskinfo readers this week…
Suggested updates to the current...