New not-for-profit fund manager Simplicity is in positive cashflow territory about 18 months ahead of schedule, founder Sam Stubbs says.

MBIE received 72 written submissions and 33 oral submissions on the Financial Services Legislation Amendment Bill, which will bring widespread changes to financial advice. Here, we reveal what they thought of them

Reports made public from the Ministry of Business, Innovation and Employment reveal what official guidance was offered to the select committee considering the Financial Services Legislation Amendment Bill.

Criticism of a new New Zealand website described as the TripAdvisor of healthcare does not reflect the views of the wider medical community, nib chief executive Rob Hennin said.

Consultation on the Financial Services Legislation Amendment Bill has been labelled a sham by one industry commentator.

Recommendations from the select committee considering the Financial Services Legislation Amendment Bill have been welcomed, but Financial Advice NZ says it’s fallen short of the mark.

Recommendations from the select committee considering the Financial Services Legislation Amendment Bill have been welcomed, but Financial Advice NZ says it’s fallen short of the mark.

The Economic Development, Science and Innovation Committee has provided its report on the bill, which recommends it be passed, with amendments. Financial Advice New Zealand chief executive Katrina Shanks said she was disappointed to see the committee had not taken a stand to draw a line between sales and advice.

Conflict of interest, nominated representatives and what makes financial planning have come in for scrutiny by the select committee considering the Financial Services Legislation Amendment Bill. But not everyone is happy.

New Zealand is getting up to speed with international financial advice regulation requirements, but non-AFA advisers may struggle to meet their new requirements when the Financial Services Legislation Amendment Bill takes effect, says the owner of a new compliance business.

Morningstar says there’s no clear differentiating factor that makes high-performing KiwiSaver funds stand out.

New Zealand needs a “reasonableness test” in insurance law, to guide insurers when they are assessing cases of non-disclosure, the Insurance and Financial Services Ombudsman says.

New rules for financial advisers could make financial planners an endangered breed.

When the Financial Markets Authority released its report this month into QFE replacement insurance business processes, it said it was considering possible sanctions against three.

The first meeting of the Code Working Group and adviser stakeholder group is being held today, aiming to inform the development of the new code of conduct for advisers.

Cost pressures are prompting increasing number of clients to take longer wait periods on their income-protection cover.