Consumers could be put at risk if the Financial Markets Authority does not allow roboadvice to be deployed soon, the Financial Services Federation is warning.

[ADDS FMA COMMENT] Financial adviser Murray Weatherston says the Financial Markets Authority does not have the legal standing to offer the exemption it is proposing, to clear the way for roboadvice.

There is support among the financial advice sector for Winston Peters' call for an investigation into banks.

[UPDATED, ADDS FMA COMMENT] Some New Zealand fund managers are still charging inappropriately structured performance fees, despite FMA attempts to offer guidance, Morningstar director of manager research ratings, Asia-Pacific, Chris Douglas said.

The founder of a new online platform that helps people get a mortgage says his company should not be seen as a threat to mortgage brokers.

Investors and financial advisers are being told they should not be afraid to put pressure on companies to get them to report information in a way that is useful to them.

Advisers are turning to exchange-traded funds in increasing numbers – but there’s a warning not to “set and forget” the passive investments.

Michael Naylor has spent a lot of time studying financial advisers - but he wants you to know he's not a "loony-leftie" academic.

ANZ is launching a new system through which it hopes to hold on to more of its KiwiSaver members.

Strategic tilting has delivered an extra $2 billion in value to the NZ Super Fund, and it is suggested there may be lessons for advisers in its experience.

Moves to allow roboadvice must ensure that providers are held to the same standards as authorised financial advisers, the Code Committee says.

The Ministry of Business, Innovation and Employment has responded to adviser concerns about a lack of an independent advice practitioner in the working group that will develop the new code of conduct for the sector.

Research provider FundSource will be able to deliver its reports direct to retail investors, now that they are classified as financial advice.

PAA’s attempt to take on the banks over practises it says are undermining advisers looks to have cost it a major sponsor at this year’s adviser conference.

Simon Hassan made the switch from teaching to try to educate New Zealanders about their finances.

Advisers say their clients welcome having a benchmark savings target to aim for in retirement – but the industry would be better served if there was a consensus view.