Investors have told the Financial Markets Authority (FMA) there is still room to improve product disclosure statements (PDS).

Fidelity Life says its adviser recognition programme is evolving to emphasise education, professional development and corporate social responsibility.

Government officials have proposed advisers make information about the fees they charge and the commissions they receive publicly available.

Significant upheaval is on its way for the financial advice sector, and advisers aren’t being given enough time to prepare for it.

The Financial Markets Authority is struggling with the gap between the softer and heavier powers of civil and criminal prosecution, a report from the Economic Development Science and Innovation Committee says.

Milford Asset Management has launched three new funds to retail investors – including an Australian version of its flagship fund, which has hit the limits of the New Zealand share market.

A focus on high upfront commissions, and the legislative move to entity licensing, could put pressure on overrides.

Commerce and Consumer Affairs Minister Kris Faafoi says he has not had any formal complaints about the composition of the working group developing financial advisers’ new code of conduct.

Advisers say there are still questions to be answered about the Financial Advice New Zealand quality service mark (QSM).

An insurance adviser has agreed to pay his former client $30,000 after he mistakenly told him that a trauma insurance claim he wanted to submit would not be paid.

Smartshares is launching a new KiwiSaver structure today that allows advisers to set the fee their clients pay for their advice - and have the manager collect it for them from client accounts.

Education providers are not happy with qualification and competence proposals offered up by the Code Working Group.

KiwiSaver investors will soon see the fees they pay displayed in dollar terms - but advisers are not convinced it will have any effect.

New Zealanders' KiwiSaver savings would do more for the country if they were used in private equity deals, fund managers say.

AMP has announced its chief executive, Craig Meller, will retire later this year.

New Zealand’s financial advice sector has welcomed the Financial Markets Authority’s long-awaited report into life insurance churn – but said its findings shouldn’t be taken as representative of the industry as a whole.