Requiring registered financial advisers to meet the compliance standards of authorised financial advisers would be complete overkill, says the former general manager of the PAA.

Saturn Portfolio is set to purchase Van Eyk’s advice business in New Zealand.

Ninety per cent of the inaugural AFA information returns were submitted on time.

More than twice as many KiwiSaver customers switched provider in the past year than in the same period the year before - prompting the FMA to warn that transfers must be done in the best interest of the customer.

NZ Financial Planning expects to have completed its transition to its new platform, and away from AMP, by the middle of next month.

There are calls for financial advisers to be given an image overhaul.

Being unable to gain control of Van Eyk was what pushed Australasian Wealth Investments (AWI) to decide the shareholding was no longer part of its long-term strategy, its chairman says.

Five reporting entities have been required to bring forward their first audit under the anti-money laundering legislation, the FMA has revealed.

AMP isn’t ruling out imposing more stringent education requirements on its advisers.

There are claims new financial markets reforms will do nothing to help investors avoid another David Ross-style ripoff.

Perpetual Trust had concerns about the way Van Eyk funds were being managed well before the company struck trouble, its chairman says.

Something as simple as a customer not completely understanding the insurance product they purchase can lead to a complaint, the Insurance and Savings Ombudsman says.

There are calls for scrutiny to be given to the differences between the requirements placed on authorised financial advisers and the obligations of registered financial advisers.

National’s decisive election win will be great news for the sharemarket this week, commentators say.

There are calls for QFE advisers’ disclosure statements and scope of service documents to make it clear that their advice is limited to only the products their employer offers – and that there might be better products in the market for a client.

Just over two months out from the implementation of phase two of the FMCA, many advisers still have the service included in their scope of authorisation when they do not need to, the FMA says.