A discussion document released yesterday by the government proposes adding to disclosure rules already in the Securities Legislation Bill currently before Parliament.

Financial services firms who want to be considered for the default provider role with KiwiSaver have been invited to register their expressions of interest.

Government officials devising a new regulatory regime for financial advisers are to pick over the results of the ANZ/Retirement Commission financial literacy survey released yesterday.

The Financial Planners and Insurance Advisers Association has sounded a highly sceptical note about the Inland Revenue’s alarm about “salary sacrifice” packages.

The missing bit of KiwiSaver is where do advisers fit in. Revenue Minister Peter Dunne says this issue will be addressed soon.

Reserve Bank governor Alan Bollard is expecting the property market to slowdown – perhaps.

The Reserve Bank’s quarterly monetary policy statement included – as expected – a decision not to change the official cash rate. And Dr Bollard says he does not expect to change interest rates again for the rest of the year.

For the property market, though, the message is mi

It may not all be rosy for the financial services industry if and when KiwiSaver becomes law.

It may not all be rosy for the financial services industry if and when KiwiSaver becomes law.

The role of financial advisers in the new KiwiSaver regime looks like being left to the market.

The role of financial advisers in the new KiwiSaver regime looks like being left to the market.

Investors and advisers looking at finance companies need to be more discerning – especially as the economy slows this year, says McDouall Stuart’s Stephen Eaton.

Investors and advisers looking at finance companies need to be more discerning – especially as the economy slows this year, says McDouall Stuart’s Stephen Eaton.

Industry and tax experts are raising eyebrows over the government’s crackdown on “salary sacrifice” packages.

Industry and tax experts are raising eyebrows over the government’s crackdown on “salary sacrifice” packages.

Parliament resumes yesterday and at the top of the order paper is a bill which will impose large new disclosure burdens, and strict penalties for breaches of those burdens, onto financial advisers.

The government’s KiwiSaver workplace savings scheme represents a big opportunity for the country’s insurance business, says Tower Group managing director Jim Minto.