Code working group chairman Angus Dale-Jones says the group is already anticipating changes to the proposals it put forward – including the wording of its “good advice outcomes” directive.

An insurance law expert is calling for insurers to accept that a clause allowing them to avoid payouts, based on a person's educational prospects, can only apply to training that happened in the past.

Fallout from Australia’s Royal Commission of Inquiry into Misconduct in the Banking, Superannuation and Financial Services Industry is likely to lead to more focus on compliance in New Zealand – but will create an opportunity for independent advisers.

The select committee considering the Financial Services Legislation Amendment Bill has heard advisers’ concerns that the industry is being “deprofessionalised”.

A former lawyer turned financial adviser has complained to the Financial Markets Authority about an advice group's claim of independence.

Advisers are vital to help New Zealanders get the right amount of insurance cover, says Damien Mu, AIA's chief executive for Australia and New Zealand.

Nominated representatives working under the new financial advice regime should not be required to meet any qualification standards, one group representing independent advisers has argued.

Tax changes to KiwiSaver are needed to encourage New Zealanders to start saving enough for their retirements, an AFA has told the Tax Working Group.

Financial Advice NZ says proposals from the Code Working Group developing the new code of conduct for the industry could eliminate large sections of the “independent” advice force.

Former ASB, AMP and Tower manager Roger Perry is being remembered as a loving family man with a formidable intellect.

Commercial and regulatory pressure is likely to lead to more mergers such as that of the Camelot and Lifetime adviser groups.

AIA has become the first insurer to offer Airpoints Dollars on its insurance products - but one commentator is questioning whether it's a good development.

More fund managers are likely to claim performance fees this year for returns that did not outperform the market, a researcher is warning.

[ROYAL COMMISSION] New Zealand's financial services sector could get more than it bargained for if a Royal Commission were launched in this country, as it has been in Australia.

Investment advisers are being urged to help their clients understand that putting money in a term deposit does not mean what it used to.

Providing high quality financial planning advice is not that hard and a degree won’t solve the issues present in the industry, an adviser is arguing.