Proposed regulations targeting “unsolicited offers” of financial products have been changed after an outcry from the financial adviser industry.

The Institute of Financial Advisers has been left searching for answers after its offer of free financial advice during Money Week attracted only 30 enquiries nationwide.

The High Court has allowed the Financial Markets Authority to retain documents relating to its investigation into Perpetual Trust, despite finding the FMA’s search notices were unlawful.

Self-managed KiwiSaver funds are likely to be introduced as an option for investors in the near future and will provide a great opportunity for financial advisers, industry figures say.

Investing in inflation-linked bonds is the only sure way to protect the value of your investments during a period of high inflation and low growth, a fund manager says.

After an eventful 18 months in the job Simon Botherway has resigned from ANZ Wealth during a week that also featured an adviser being convicted for a $15 million fraud and the government rejecting concerns about a lack of advice for potential SOE share investors.

Simon Botherway has resigned from ANZ Wealth after one-and-a-half years in the job, during which he presided over significant personnel changes.

The government has dismissed concerns there won’t be enough authorised financial advisers (AFAs) to cater to the high level of interest in the delayed State-Owned Enterprise (SOE) floats, potentially leaving thousands of first-time share investors without advice.

The lingering effect of the Christchurch earthquakes will reduce Tower’s full-year profit by nearly $10 million, the company has warned.

Former financial adviser Jacqui Bradley has been found guilty of all 75 charges relating to a $15 million Ponzi scheme run by her and her late husband Mike Bradley.

Two providers of financial adviser education services, the Strategi Institute and Mentor Education (formerly Adviserlink), are to merge and will operate under the Strategi brand.

FundSource needs an “injection of passion” to arrest a decline caused by intense competition and its own complacency, the NZX-owned research house’s new boss says.

A debate started today which is bound to polarise the financial advisory community. The Professional Advisers Association has started lobbying the government to get KiwiSaver classified as a category two product.

KiwiSaver should be changed to a category two product to allow registered financial advisers (RFAs) to provide personalised advice on the scheme, the Professional Advisers Association (PAA) says.

KiwiSaver should be changed to a category two product to allow registered financial advisers (RFAs) to provide personalised advice on the scheme, the Professional Advisers Association (PAA) says.

Investors in SPI Capital’s Gloucester property syndicate have voted to terminate the syndicate after the insurer paid out $40 million on the earthquake-damaged Farmers Car Park building.