Advisers who become authorised from now on will have to comply with disclosure rules around advice given as set out in the Code, but further disclosure rules telling a client about the adviser personally do not come in till July 1.

Liberty Group has announced that it is aligning with TNP for scale and the ability to provide advisers with further support.

Liberty Group is aligning with TNP for scale and the ability to provide advisers with further support.

Ten people have qualified as Authorised Financial Advisers (AFAs) as the new regulatory regime for financial advisers goes live today, to be phased in by July.

The ‘sole adviser practice’ exemption conditions have finally been confirmed but the Financial Adviser Associations of New Zealand (FAANZ) does not think the exemption goes far enough.

The problem definition of a land investment product finally has some clarity with a proposal to make the definition narrow around complex land investment schemes rather than broad capturing basic investment.

Newpark announced at its conference that it has set up a strategic partnership with Macquarie Private Wealth Management and it is also launching a second lead generation programme focused on the immigration market.

Don't panic - the deadline for financial adviser services to be registered is not until March 31. The December 1 deadline talked about was just a recommendation.

The merged entity Ginger Group launched this week, made up of Brokers Independent Group (BIG), Professional Investment Services (PIS) and Minerva.

Regulation is primarily about influencing behaviours and it cannot prevent business failure, nor should it strive to do so, says Commissioner for Financial Advisers David Mayhew.

The Cabinet Economic Growth and Infrastructure Committee (EGI) paper proposes that sole traders should register as individuals but not as companies to reduce compliance costs.

Sovereign announced at its road show this week that is applying to become a Qualifying Financial Entity (QFE) so it can provide mortgage and insurance advisers with efficiency benefits.

Financial adviser disclosure regulations require authorised financial advisers (AFAs) to disclose how they get paid, but not registered financial advisers (RFAs) leaving questions about how it will put the consumer in a better position.

A finance company pulled the wool over its clients eyes buying life insurance cover to make up to $500,000 when they died, leaving an insurance intermediary to pick up the pieces.

The Insurance and Savings Ombudsman (ISO) dispute resolution scheme charges just $1,000 for dispute fees and the average investigation takes 96 days, raising questions about how the low fee is possible.

There are three days left for financial advisers to meet the ETITO deadline to get registered, with examination and assessment reservations made for Standard Sets B and C if they are to be authorised by July 1 next year.