Changes will be needed to the Conduct of Financial Institutions Bill to avoid significant disruption to financial advisers, Financial Advice New Zealand says.

Active managers say coronavirus-related market disruption should be their chance to shine – although one warns they shouldn’t overstate their ability to “forecast the unforecastable”.

Bank staff shortages and strong sales activity have made turnaround times worse than ever in 2020, according to advisers across the industry.

Asteron Life has announced two recent changes to their leadership team to help support advisers with the industry changes.

Tight lending criteria has emerged as one of the top concerns facing advisers and borrowers in the first months of the year, according to a new survey.

The Financial Services Council has sounded the alarm over the “politicisation” of KiwiSaver.

Simplicity has trimmed its fees and made it easier to invest in its non-KiwiSaver funds.

ANZ will pay a further $29.4 million to customers after using a faulty loan calculator between 2015 and 2016.

The coronavirus outbreak could force the Reserve Bank to slash the official cash rate by 50 basis points this month, according to leading economists.

Commerce and Consumer Affairs Minister Kris Faafoi says the Government considered requiring default funds to have a life stages setting, but opted for a simpler approach instead.

New Zealand’s 290,000 rental property owners should resist radical changes to the Residential Tenancies Act both by submission and by their vote in this year’s election, argues Tenancies War spokesman Mike Butler.

Sweeping changes have been made to how default KiwiSaver funds will be run which changes to investment options and banning fossil fuels.

Generate KiwiSaver’s unfortunate experience with cyber crooks is a real wake up call to every participant in the financial services industry.