The former financial adviser who stole $15.7 million from his clients will not be forced to pay over $5 million in reparations.

Dispute resolution scheme Financial Services Complaints Limited (FSCL) says that the rise in complaints seen this year shows the robustness of the industry.

The latest figures from the FMA’s transitional licence progress show that a huge majority of the industry are ready for March 15.

After NZI’s announcement regarding PI, compliance expert Steven Burgess says that PI is on its way out the door for smaller businesses, but that might not be the end of the world.

The “Disclosure framework for integrated financial products” guidance shows the FMA is ready to take into account a wider scope of investor outcomes than just financial returns.

NZI surprises FMA with removal of PI cover for small advisory firms but says it is not the end of the line for these advisers.

MBIE and FMA have long assured small advisory firms that they will be able to operate under the new licensing regime, but major insurer NZI has quashed those assurances.

This week the new privacy laws have come into force, meaning it is more important than ever for advisers to take responsibility for their clients' data.

Milford Asset Management have just launched a brand new suite of digital advice services for their KiwiSaver clients.

Good Returns sat down with Angus Dale-Jones to discuss the impacts of the new code of conduct on financial advisers, including the two code standards that are most vital to advisers.

This December will see the two entities merge into a single organisation.

The latest offering from Nikko AM provides exclusive KiwiSaver access to the ARK Disruptive Innovation Fund.

A recent FMA report revealed that more NZ investors are becoming the target of scammers. Industry insiders say advisers would do well to be on their guard.

Good Returns spoke to industry insiders who believe that just because PI insurance isn’t compulsory, it is still crucial for advisers.

Select Wealth Management has announced the launch of a new KiwiSaver scheme with a focus on bringing high quality management to advisers.

At an event held in conjunction with Financial Advice New Zealand, the FMA have revealed details of their full licence application guide.