Weekly wrap: Pioneer farwelled

One, which was the most commented on, was the passing away of one of the life insurance industry's true figures and pioneers - Gordon Watson. Gordon was the founder of Fidelity Life and was someone who had a big influence on many insurance advisers in New Zealand.

Amongst the raft of regulation stories we recorded the registration of the first disputes resolution scheme. This is important, as all advisers will need to belong to a scheme under the new regime.

Also we had news that the Open Polytechnic has put off assessing portfolios under the Code of Conduct's Standard Set C so it can spend more time training advisers.

The third regulatory story reported changes Cabinet has approved to plug some holes in the financial adviser legislation.