Some New Zealand active equity managers are running investments only 27% different from the index, a new report has found.

A sale of Sovereign could be good news for customers and advisers, one industry commentator says.

An exemption is being proposed for fund managers who are unable to find a compliant market index to use when they communicate to clients how their funds have performed.

Changes made to the Financial Services Legislation Amendment Bill before it was introduced to Parliament have been welcomed by the financial advice sector - but some say they did not go far enough.

Labour 'can't guarantee' position of support for the Financial Services Legislation Amendment Bill won't change.

Sue Brown was known to many advisers as the face of regulation at the FMA. She's now off on her own, operating Sue Brown Solutions.

New Zealand’s trust laws are being updated and it includes a carve-out to help advisers whose trusts are also captured by the Financial Markets Conduct Act and Financial Advisers Act.

New Zealand investors put a record amount of money into responsibly invested funds in 2016, but advisers are still lagging in their understanding of ethical investment, the Responsible Investment Association Australasia says.

New Zealand investors put a record amount of money into responsibly invested funds in 2016, but advisers are still lagging in their understanding of ethical investment, the Responsible Investment Association Australasia says.

As many as 40% of advisers may fail to receive a licence under the new regulatory regime, it has been suggested.

Managers are taking a more cautious approach to global equities as valuations remain stubbornly high.

Advisers should explain to their clients why market conditions are as they are – and what might cause them to change, one economist says.

Richard Klipin is tackling the job of rejuvenating the FSC in a period of big change for the industry.

FAA, IFA and PAA have each given the green light for the establishment of the new adviser association, Financial Advice NZ.

Advisers must keep good records of their interactions with clients to protect themselves against allegations of churning business, dispute resolution services say.

Advisers are blowing the whistle on each other – and industry commentators say that’s to be encouraged.