Regulation is not enough to restore public confidence in investment advice and a ban on commission is required to create a fully professional, trusted advice industry, according to adviser and author Martin Hawes.

MetService Weather Ambassador Bob McDavitt is among the Wellington landlords left in the cold – and out of pocket - by the unexpected closure of Jericho Residential Property Management.

Registered Financial Advisers (RFAs) will now be able to sell investment-linked insurance products after a re-categorisation of the Financial Adviser Regulations 2011.

The Financial Markets Authority (FMA) has issued a warning to SuperLife to overhaul its KiwiSaver sales practices.

Levies and fees "inevitably have an impact on how the market structures itself" and the role of the Ministry of Economic Development (MED) is to minimise the subsequent market distortions.

New regulation provides advisers with opportunities if they are able to focus on a defined client group and build relationships within that space, according to the TNP director of development Dr Dave McMillan.

Institute of Financial Advisers (IFA) president Nigel Tate has hit out against some of the proposed Financial Markets Authority (FMA) funding proposals, criticising the “huge amounts they’re wanting to levy.”

Advisers have reacted with a mixture of anger and resigned acceptance to news they could face annual levies of as much as $1,715 to fund the Financial Markets Authority (FMA).

Accuro has bucked the trend of falling health insurance cover, seeing quarter-on-quarter growth for the last three quarters, and chief executive Bruce Morrison believes he knows why.

[UPDATED] AFAs could face annual levies of up to $1,715 and RFAs $1,140 under proposals to fund the new Financial Markets Authority (FMA).

A court case involving Moneyworks adviser Carey Church has raised “a number of questions of general interest as to the competent conduct of financial planners and advisers,” according to Justice Robert Dodson.

A former Tower adviser and member of Newpark is establishing a new group – The Advisor Channel – to take on the present encumbents.

Individuals could face up to 10 years in prison or fines of up to $1 million for known or reckless inclusion of false information in disclosure documents, while companies could face fines of up to $5 million.

Housing market confidence has improved slightly over the March quarter and lower mortgage rates have made property an increasingly attractive investment, according to the latest ASB Housing Confidence survey.

As many as 700 advisers may have to stop giving advice on KiwiSaver, managed funds and other investment products on July 1 because they haven't completed the necessary Authorised Financial Adviser (AFA) qualifications.

The Financial Markets Authority (FMA) does not exist to prevent finance company collapses and risk must always exist in capital markets, according to FMA chief Sean Hughes.