The committee which sets professional standards for financial advisers appears to be in breach of its own laws.

Lawyers specialising in financial services are warning of a “more muscular” approach being taken by the FMA when it comes to enforcement.

Dentons Kensington Swan partner David Ireland warns of greenwashing when implementing ESG.

There is a “big gap” between the level of financial advice New Zealanders need and what they are getting, says the FMA’s new CEO, Samantha Barrass.

Newly ensconced FMA boss Samantha Barrass is planning to publish draft conduct guidelines for the financial industry “shortly” and is urging advisers to have their say.

According to the adage, doctors make the worst patients. Mechanics have the crappiest cars. And, say some, financial advisers will often drag their feet when it comes to mitigating risk in their own businesses.

New Zealand investors in Cathie Wood’s high-risk Ark Innovation exchange-traded fund have been told that despite the fund tanking last year and losing more than half its value, it is still on target to deliver the expected returns.