Guardian Trust has signed up Cathy Stephenson, Stephen Stewart and Philip Morgan-Rees to its national team.

Continued from front-page story...

The Institute of Financial Advisers Disciplinary Committee has heard another compliant over how one of its former members invested client funds into finance companies and has ruled that the adviser can keep practicing, albeit it under certain conditions.

All the recent thinking and commentary on what to do with your home loan may be turned on its head after next week’s official cash rate announcement from the Reserve Bank.

Auckland

Morningstar has released its second six-monthly KiwiSaver Performance Survey, designed to help New Zealand investors assess the performance of their KiwiSaver superannuation options.

ING Funds Management has established distribution teams for three key areas being KiwiSaver, retail and wholesale and institutional.

The Securities Commission is pushing on with developing competency standards even though a Commissioner of Financial Advisers has yet to be appointed. (Includes link to full report).

Read the Securities Commission discussion document On Authorised Financial Adviser Competence in full here.

Rabo Capital Securities has unveiled the details of its new PIE preference share offer which is due to open next week.

The Securities Commission has banned advertisements by Propertyfinance Securities (PFSL) for a proposed restructure of its moratorium arrangements saying they were one-sided.

In a surprise move The Treasury late yesterday, withdrew the Crown retail deposit guarantee from Viaduct Capital.

The Institute of Financial Advisers (IFA) has made three new appointments to its Investments Special Interest Group (SIG).

Loan Market has had another business join its ranks.

More rationalisation coming; Improved disclosure to investors planned; COMMENT: Product recall argument daft; Fortress notes update; ING in asset sales.

This week may have been a short one work-wise, but it's one with an interesting theme. A comment I hear from many advisers is that there has been a dearth of new funds on the market. Indeed most of the new stuff has been a bond of some sort.