Businesses will have more ways to train new advisers into the business under the new advice regime for financial advisers, the chairman of the working group developing the code of conduct says.

ASB has played down speculation it will follow owner CBA by supporting a fee-for-service model for mortgage advice, following comments made by CBA CEO Matt Comyn to the Royal Commission this week.

Cigna chief executive Gail Costa says the addition of the adviser channel will mean positive changes for her business.

Financial Advice New Zealand does not need to have an official regulatory role under the new financial advice regime, its chief executive says.

The Ministry of Business, Innovation and Employment says more details about disclosure requirements for financial advisers will be available in early 2019.

OnePath and Cigna become one at the end of this month.

Geoff Annuls weighed into the servicing debate a couple of days ago, and while a reasonable article, failed to cover a few pertinent points.

ASB's quarterly outlook for the New Zealand economic predicts "sunny skies ahead", with low rates until the second half of 2020 and a peak of just 2.75% in the next OCR cycle.

There appears to be deep divisions among members of the Tax Working Group, and its final report is likely to include dissenting decisions from members. 

Advisers need to be talking to clients about responsible investment options; rather than just putting the questions into the too hard basket.

We've been a little quiet with our weekly TMM newsletters so thought it was time to get them going again. Here's a wrap of last week's news and some thoughts on what's happening in the market.

ANZ is set to announce the date for the transfer of its OnePath insurance business to Cigna.

NZX Wealth Technologies has launched its custodial wrap platform with foundation client Craigs Investment Partners on board offering self-managed investment services.

If you think bank staff are being encouraged to push clients into investments and insurance that aren’t necessarily right for them, you’re probably correct.

Current low interest rates are likely to sustain house price growth in the near term, but rising rates from 2020 onwards will trigger a fall in the market, economists at Westpac have warned.