A wealth management firm is offering to partner with advisers who would like to continue to provide DIMS but do not want the hassle of a class licence.

Insurers are running a magnifying glass over their policy wordings after changes to the Fair Trading Act this week.

A case in which a former financial adviser’s clients are seeking to bankrupt him may force others in the industry to assess their structures, it has been suggested.

FMA has its criteria wrong for the classification of small and medium-sized DIMS providers, industry players suggest.

Sovereign needs to look for ways it can support its advisers better as the industry evolves, its chief officer of customer management and product says.

The number of KiwiSaver providers in the New Zealand market may be unsustainable, the head of one of them says.

Newpark has developed a new marketing grant worth $650,000 for its member advice businesses.

Double-handling and layers of regulatory complexity are being blamed for adding to the compliance burden of advisers who are reporting entities under the AML/CFT Act.

Advisers are being asked to fill out a survey for the Ministry of Business, Innovation and Employment on what they think about regulation of the sector, as part of the review of the Financial Advisers Act.

Those lamenting the lack of new financial advisers may just not be looking in the right place,  say the developers of a new programme developing new entrants to the industry.

Data showing that national superannuation isn’t under as much threat as many people think should be good news to financial advisers, an analyst says.

Advisers can charge their clients higher fees if they show them their service is helping achieve  their individual investment goals, a financial services firm says.

Accountants and lawyers should no longer be allowed any exemptions to offer financial advice outside the control of the Financial Advisers Act, one industry commentator says.

FMA is assessing a complaint about Milford Asset Management’s marketing activities.

Two or three complaints a month are made to disputes resolution scheme FSCL about advisers who charge clients a fee when they do not take up their recommendations.

The FMA is warning that just doing the basics of compliance won’t be enough under the Financial Markets Conduct Act.