A number of simple steps could dramatically improve the financial wellbeing of KiwiSaver members if there was industry collaboration to implement them,  investor education workshops have been told.

Churn rates could be reduced if trail commissions followed a client when they switched risk adviser, it has been suggested.

How to attract the next generation of advisers into the industry has been identified as a key concern at a recent panel discussion.

All advisers should be bound by the Code of Professional Conduct that applies to authorised financial advisers, it has been claimed.

Investors' search for yield in a low-interest rate environment is pushing up prices of some equities and sparking warnings.

NZ Super Fund knew what it was doing when it made a $200 million investment that has since been lost in the collapse of a Portuguese bank, its chief executive says.

There are still benefits to signing children up for KiwiSaver, despite the removal of the $1000 kickstart, says ANZ’s general manager of wealth products and marketing Ana-Marie Lockyer.

The need to change the designations applied to different groups of financial  advisers is one issue where there is some consensus in the review of the Financial Advisers Act. There needs to be change.

The current designations for financial advisers should be scrapped and replaced with two new groups, advisers and distributors, Barry Read says.

It will be a challenge to keep QROPS-transferred funds separate from the rest of the savings in a KiwiSaver account, AMP's general counsel Elaine Campbell says.

Many financial advisers are not taking the review of the Financial Advisers Act seriously enough, the president of the PAA says.

Advisers are being told to ensure fund managers clearly report which parts of their international fund returns are due to currency movements, and which to investment performance.

Advisers say the faces they deal with at MBIE keep changing and it is raising concerns about how well equipped they are to handle the Financial Advisers Act review.

Milford Asset Management will not be the last fund manager to fall foul of the Financial Markets Authority, one legal expert says.

Consumers are “hopelessly confused” by aspects of the Financial Advisers Act as it stands, commentators say.

Financial Markets Authority action against Milford Asset Management should give investors more confidence, says New Zealand Shareholders Association chairman John Hawkins.