There are calls for a law change to provide clarity on what happens to a KiwiSaver account when someone is declared bankrupt.

NZ Financial Planning founder and director Greg Moyle has been criticised by a High Court judge, and says he’s learnt one thing recently: Don’t be a trustee or the executor of an estate where there’s a second marriage involved.

Bank customers are now more demanding than they once were, and want more accessibility and flexibility from their home loan products, says SBS Bank chief executive Ross Smith.

The Financial Markets Authority wants to see any relevant information shareholders advocate Bruce Sheppard has about Hanover Finance.

The Financial Markets Authority acknowledges that things are getting tougher for advisers who want to offer DIMS – but says that doesn’t mean it’s completely out of the reach of independents.

A system where industry participants are aiming to meet a bare minimum is not enough, says the new chief executive of the Financial Markets Authority.

Investment portfolios have become more homogenised since the advent of financial services regulation, one third-party fund marketer says.

Many more New Zealanders will be using the services of qualified financial advisers within the next 10 years, if the Commission for Financial Literacy and Retirement Income gets its way.

A 40-page guide for people considering applying for a license under the FMC Act illustrates the FMA’s desire to make DIMS the domain of big institutions, some advisers say.

It’s predicted Australian super schemes won’t be properly set up to accept New Zealanders’ KiwiSaver savings for a couple of years.

A conflict of interest for receivers and trustees is costing investors in failed finance companies the opportunity to access billions of dollars in compensation, one industry commentator says.

Suburbs that have traditionally appealed to first-home buyers have been hard hit by loan-to-value restrictions, new data shows.

Fewer borrowers are taking out loans that are exempt from the new LVR restrictions than the Reserve Bank expected.

KiwiSaver fees for the next round of default providers will be significantly lower than those charged at by the schemes at present, particularly for savers with smaller balances.

There are calls for something to be done to address the compliance burden that has arisen as a result of the Financial Advisers Act, now that the Financial Markets Conduct Act is taking effect.

Mortgage brokers will need to ensure that their processes provide enough evidence that they’ve assessed the suitability of each borrower’s loan under the Credit Contacts and Financial Services Law Reform Bill.