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Viewing entries tagged with 'rfa'

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>

Financial Services Legislation Amendment Bill does away with agents

20 February 2017

Goodreturns: New rules governing financial advice have done away with a proposed "agent" category, but many people are unimpressed. More>

What's good advice from an RFA?

16 September 2016

Non-AFA advisers are being warned that while what counts as a good advice process for them might be a “grey area” at the moment, they should expect to have to follow a set procedure soon.The issue is in the spotlight because the Financial Markets Authority is looking at the processes of risk advisers who have high rates of replacement business.  Goodreturns.co.nz.  More> 

Advisers' big fee hurdle

14 September 2016

Advisers and the advice industry have a challenge to get clients to understand that financial advice is not a free good and that they will need to pay for it in some way, AMP's director of sales and advice, Blair Vernon, says. Goodreturns.co.nz. More> 

Confusion over sources of financial "advice" blamed on advisers

12 September 2016

The Commission for Financial Capability appeared to link consumer confusion over where to seek for advice the lack of growth in 'non-bank' advice. But the comments clearly touched a nerve with many advisers arguing strongly that the cause for confusion was that too many people were labelled 'advisers' as Simon Hassan wrote in comments on the story.Chatswood Consulting. More>