The FMA is considering regulatory action against three QFEs because of failures in the way they deal with insurance replacement business.

Financial adviser Alistair Bean said he signed a letter calling for action on KiwiSaver because there was “a definite rort” that had occurred – and if it had been financial advisers involved they would have been accused of mistreating their clients.

A new commission structure proposed for the industry is unlikely to solve any of the perceived problems with the existing one, an insurer says.

Adviser businesses may be missing out on clients because they haven’t kept up with changing marketing trends.

Liquidators of Ross Asset Management are still waiting for directions from the court as to how to distribute money to investors, as legal bills mount.

In an ideal world, regulation would be of no consequence to financial advisers because they would already be operating at a level well beyond what it required, the chief executive of Financial Advice NZ says.

Consumer feedback on the development of a new code of conduct for financial advisers has highlighted the importance of keeping a client focus, Angus Dale-Jones says.

Financial advisers are “in the sweet spot” to help boost investor confidence, Financial Markets Authority chief executive Rob Everett says.

A principles-based disclosure regime could end up costing consumers, an academic has warned.

A new commission model proposed is a nice idea but won’t work, one former insurance company boss says.

Advisers say there’s too much uncertainty about “responsible” investment funds.

Financial Advice NZ is readying to promote itself to advisers who have until now not been a member of a professional association.

Financial advisers can better serve their clients if they don't get bogged down in the day-to-day business of stock and manager selection, one manager says.

Whether advisers have an obligation to offer ongoing service when they receive trail commissions is one of the questions still to be pondered by those developing the new financial advice regime.

Fund managers relying on sector exclusions to implement responsible investment policies may be doing more harm than good, one chief investment officer says.

Proposed changes to KiwiSaver will allow over 65s to join the scheme and introduce new contribution rates.