HotHouse: The new and improved financial adviser regime

The scope of the Financial Advisers Act and the Financial Service Providers (Registration and Dispute Resolution) Act is now essentially finalised, following the passing of amending Bills into law last month. 

Substantial last-minute changes addressed many of the concerns raised on the legislation.  Now the shouting is over, it's time to start acting on implementation.     

In addition to summarising the new law, this seminar will cover:

• how the legislation will now affect different businesses, including those that operate in wholesale markets only and those with cross-border operations
• who needs to do what, by when, to comply with the new regime
• the pros and cons of the new group QFE model
• the updated draft Code of Professional Conduct for Authorised Financial Advisers, and 
• the dispute resolution scheme arrangements.

WELLINGTON Want to read the full article? Click the button below to subscribe and will have free unlimited access for a limited time to full article and all other articles on the site. You will also be able to comment on articles on Good Returns. Sign in Previous Article Next Article Latest News MBIE confirms investigation into FMA 1 min read KiwiSaver funds shake off Middle East tension 2 min read Staffing cuts helped Fisher Funds lift annual net profit 21.7% 3 min read [The Wrap] What the heck is happening at the FMA? 3 min read Diary More Read FSC conference starts Monday 1 min read Women in Finance 1 min read FundSource Conference 2010 update 1 min read PIS/BIG/Minerva roadshow 1 min read Latest Comments Fidelity Life offers premium relief to customers affected by flooding Stay in touch with your Clients and Prospective Clients, not by email, not by text Pick up the phone and meet them for a coffee, or a wine… 2 months ago AlBean Fidelity Life offers premium relief to customers affected by flooding Longitude68 is right that AI is reshaping wealth advice fast - it's already widespread offshore, even if not yet here, and our industry will need to catch up quickly to deliver more deliberate, efficient client solutions. That said, most clients I encounter - largely Silent Generation and Boomers - will keep paying a relationship premium, within reason, to continue with a trusted advisor. Technology's real impact will be displacing advisers built around a single product or philosophy, which will be exposed as the commodities they are. 2 months ago Pragmatic Can the NZ economy grow while house prices stagnate? Between Silk & Conway they currently receive from the NZ taxpayer a salary package in excess of $1M annually. Given they and former Reserve Bank Governor Adrian Orr were collectively responsible for the decisions which saw NZ house prices spiral out of control it's baffles belief now that they still have jobs. 2 months ago Amused Fidelity Life offers premium relief to customers affected by flooding you will never give or receive a warm handshake from AI when you are seeing a client for a terminal illness claim, and you both know you will never see each other again. AI can not look a widow in the eye and tell her it will take care of things, and it will be OK. 2 months ago Aggressively_passive Fidelity Life offers premium relief to customers affected by flooding A high level of my appointments are now being made with an AI agent. “Sarah” responds to inquiries by phone, converses with prospective clients then books them into my calendar. Yesterday a prospect asked Sarah whether she was an AI robot. Sarah responded with a yes and continued to tell him a joke, which he had requested. That interaction was enough for this engineer to proceed with a booked appointment with me. Only time before this old dog is replaced I guess. 2 months ago John Milner