Accountants and lawyers are likely to be swiftly pulled into the anti-money laundering loop - and ranked as a higher risk than financial advisers.

Banks have slated a proposal to require investors to opt in to wholesale status – a move that the rest of the financial services sector supports.

Low interest rates are likely to shake out financial advisers who are charging fees that are are no longer viable, it has been claimed.

A Harmoney investor is developing a site to help others who lend through the peer-to-peer lender interpret their returns.

[UPDATED] FSCL might serve its members better by cutting their membership fees, rather than funding a court bid to calls itself an ombudsman, it has been suggested.

Dealer-group-turned-software firm Triplejump is laying off staff.

Financial Services Complaints Ltd (FSCL) will not reveal how it is funding a court stoush with the Chief Ombudsman.

Advisers need to get New Zealanders off “autopilot” when it comes to retirement savings, one commentator says.

Some advisers are getting the jump on new qualification requirements and enrolling now for extra study.

Authorised financial advisers who did not adequately advise people transferring their pensions to New Zealand of the possible tax implications may have been in breach of their Code of Conduct.

New Zealand consumers might trust roboadvice more than they do human advisers, at least at first, one industry commentator says.

Former Lifetime boss Warren Stephens says he hopes his newly-launched financial services firm will help him achieve his vision of “Uber-ising” financial services.

A restriction on soft commissions for advisers has been mooted in submissions to the Financial Advisers Act options paper.

Financial advisers are expected to be in increasingly high demand over the coming years as established firms struggle to cope with growing consumer demand for advice, one recruitment firm that deals with the financial services sector says.

[UPDATED] Financial service providers agree standardised disclosure documents would help the advice industry– but what they should say and what they might look like is still a matter for debate. (Now with link to Share Submission)

New Zealand financial institutions are welcoming moves to allow roboadvice in this country.