News

FMA not happy with AML reporting

19 December 2016

The Financial Markets Authority is promising to adopt a stronger position on reporting entities who fail to meet their obligations under the Anti-Money Laundering and Countering Financing of Terrorism Act. Goodreturns.co.nz. More>

Goldsmith replaced by Jacqui Dean

19 December 2016

Paul Goldsmith is now the former Minister of Commerce following Prime Minister Bill English's Cabinet reshuffle. Jacqui Dean is the new minister and one of her roles will be to finalise the delayed review of the Financial Advisers Act. Goodreturns.co.nz. More>

Top 10 InvestmentNewsNZ stories of the year

19 December 2016

Rules are rules. End-of-year media sign-offs are required by law to include a top 10 list. And in a spirit of compliance, here’s the 10 most-read Investment News NZ (IN NZ) stories over 2016 in descending order. InvestmentNewsNZ. More>

Hickey: Big 3 numbers of 2016

19 December 2016

2016 was a big year for surprises and for politics driven by economics, so here's the big three numbers of the political economy over the last 12 months. HiveNews.co.nz. More>

Sam Stubbs on 2016

19 December 2016

Sam Stubbs: "Finally, after the shitter that was 2016, some good news: For NZ investors and KiwiSavers, things have seldom looked better." TheSpinoff.co.nz. More>

An adviser's guide to AML Compliance

19 December 2016

The FMA has just released its second annual AML Monitoring Report detailing its 2016 monitoring activities and report card on the 800 Reporting Entities (REs) under its supervision. Good Returns asked Meredith Cornelius of Financial Strategies Nelson to comment on her reading of the report and what it all means for the smaller retail financial adviser and their practice. Goodreturns.co.nz. More>

Sovereign makes changes to health cover

16 December 2016

Sovereign has announced a number of key enhancements to its health cover for both new and existing customers. Sovereign chief officer product, Len Elikhis, says the changes are a "modernisation" of its health policy to bring them into line with customers' expectations. Goodreturns.co.nz. More>

Retirement commissioner calls for Super changes

16 December 2016

The Commission for Financial Capability has called on the Government to make sweeping changes to the eligibility criteria for NZ Super in the second phase of its 2016 Review of Retirement Income Policies. Goodreturns.co.nz. More>

NZ Super 'has long-term future'

16 December 2016

These days many seem to believe NZ Super is a millstone around taxpayers' neck, or a luxury we can't afford. It's neither. It's a marvel. Stuff.co.nz. More>

Goldsmith swallows banks' argument

16 December 2016

Goldsmith takes pity on banks for having to invest $1 million on IT upgrades needed to disclose KiwiSaver members' fees in dollar terms. Interest.co.nz. More>