Investment advisers need to look closely at fund managers that promise "responsible" or "ethical" investment options, industry researchers warn.

Advisers should be required to declare the cost the adviser distribution channel adds to what clients pay for financial products, not the commission the advisers themselves receive, Financial Advice NZ says.

The PAA is taking its Holiday Home Legacy Trust deed to a vote again next week – but some members are still not happy.

[UPDATED] Financial Advice New Zealand is working through the last stages before its official launch, but some adviser bodies are still undecided about whether they will join it.

First it was banks, then it was insurance advisers – now there are calls for adviser groups to come under the microscope as part of New Zealand regulators’ response to the Australian Royal Commission of Inquiry into Misconduct in the Banking, Superannuation and Financial Services Industry.

New Zealand's fund management industry should do more to help shake Kiwis out of their too-conservative approach to investing, one KiwiSaver manager suggests.

Recent reports questioning financial adviser behaviour are an attack on the reputation and integrity of the industry, the head of the Institute of Financial Advisers says.

Commerce Minister Kris Faafoi says it’s disappointing to hear that the practice of offering trips as sales incentives to financial advisers is still widespread.

Adviser groups are switching their dispute resolution schemes, following industry stalwart Trevor Slater. 

Financial Disputes Resolution Service client director Trevor Slater says he’s willing to make a stand over the requirement that external disputes resolution schemes increase their reporting to regulators.

MPs including the Commerce Minister claim to be part of a scheme that was wound up five years ago. Good Returns checks out the latest register of pecuniary interests to find out where MPs have their money.

Many soft commission incentives currently offered to financial advisers will not be able to continue under new advice laws, the Financial Markets Authority says.

Insurers' soft commissions and sales incentives may be setting advisers up to fail in their obligation to exercise care, diligence and skill for their clients, the Financial Markets Authority says.

Financial advice is different from other professions because the skills are not necessarily held by the individual giving the advice, the chairman of the Code Working Group, Angus Dale-Jones says.

IDS founder Barry Read is taking a job as general manager of an advisory firm, three months after his firm joined forces with Strategi.

Thirty more authorised financial advisers left the industry in the 12 months to June 30 last year than joined it, new data just released from the Financial Markets Authority shows.