Viewing entries tagged with 'MBIE'

Big changes for some RFAs

1 March 2017

Goodreturns: Advisers will need a way to prove their competence, regardless of how long they have been in the industry, the chief executive of the PAA says. More>

Top 10 questions asked to Sorted's KiwiSaver 'chatbot'

1 March 2017

Stuff: Questions asked to a newly-launched KiwiSaver "chatbot" reveal continued ignorance about the state-sponsored retirement savings scheme. The most common question asked to the new Sorted chatbot is: "What is KiwiSaver?" More>

FAA review number two

27 January 2017 After a delay caused by the Kaikoura earthquake, MBIE says that an exposure draft of the new Financial Advisers Act should be ready for distribution before the end of February with the aim of introducing a Bill to Parliament by mid-2017. More>

FAA review delayed

2 December 2016

The much anticipated Exposure Draft of the new Financial Advisers Act won't be out before Christmas as previously promised.  More>

Banks concerned about 'fee-chasers'

21 November 2016

Bank KiwiSaver providers are worried that proposed changes to annual statement requirements could lead to members chasing the lowest-fee providers. More>

Ditch benchmarks advisers told

20 November 2016

Advisers are being urged to talk to their clients about the performance of their investments in terms of their goals, rather than referring to benchmarks and indexes. More>

Best interest 'unworkable'

2 September 2016

A requirement to act in clients’ best interests is being described as “unworkable” in practice. Instead, it is argued, the industry should consider changing the standard to “best interest,” to hold advisers to the same level as lawyers, dentists, fund managers and real estate agents.  More>

Call for more scrutiny of regulators

17 August 2016

Financial services providers are becoming ever more familiar with the Financial Markets Authority in its industry oversight role – but who is keeping an eye on the regulators?