Financial Advice New Zealand - Latest News [Page 1]

FMA Consumer Experience Research Report

Thursday, 4 August 2022, 6:54 am | Financial Advice New Zealand

Financial advisers have been confirmed as the second most trusted source of financial advice for most Kiwis, beaten only by the bank or provider of a particular product. “This confirmation has come today as part of latest research by the Financial Markets ... More >>

CCCFA The Slow Boat

Wednesday, 3 August 2022, 9:56 am | Financial Advice New Zealand

The Council of Financial Regulators has released the Investigation Report “Early implementation and impacts of 1 December 2021 credit law reforms”. “This report provides options but they require more consultation. Implementation is not until ... More >>

Responsible Lending Rule Changes To Impact On The Ability To Obtain Credit

Friday, 11 March 2022, 10:58 am | Financial Advice New Zealand

Financial Advice NZ had called for the Minister to review the unintended consequences of the CCCFA which came into effect on 1 December 2021 and have impacted the average Kiwi’s ability to obtain credit. Today Minister Clark announced a range of small ... More >>

Advised Kiwis Exhibit Better Financial Behaviours – New Research On The Value Of Financial Advice

Tuesday, 1 March 2022, 9:13 am | Financial Advice New Zealand

Kiwis who seek out and receive professional financial advice exhibit good financial behaviours more often than unadvised Kiwis. According to Financial Advice New Zealand’s new report, Better Behaviours - research on the value of financial advice, regardless ... More >>

Law Changes Locking Out Home Seekers, Urgent Meeting Sought With Government

Friday, 14 January 2022, 10:32 am | Financial Advice New Zealand

Recent changes in consumer finance law on top of Government policy changes are locking many home seekers out of finance options they would have qualified for just six weeks ago, says Financial Advice New Zealand. Chief Executive Katrina Shanks says financial ... More >>

Massey University New Zealand Retirement Expenditure Guidelines

Tuesday, 16 November 2021, 1:10 pm | Financial Advice New Zealand

Achieving expectations and aspirations for retirement will be very challenging for the majority of New Zealanders unless they prepare and plan. That’s one of the main conclusions of the latest Retirement Expenditure Guidelines, which were launched ... More >>

Financial Advice New Zealand Announcement Of New Board Members

Wednesday, 14 October 2020, 12:57 pm | Financial Advice New Zealand

Financial Advice New Zealand yesterday announced the appointment of two Independent Directors and the elected Risk Practitioner Director. At its Annual General Meeting yesterday, the Board told Members it was thrilled with the calibre of the 63 people ... More >>

Trusted Adviser Quality Mark Launched By Financial Advice NZ

Tuesday, 13 October 2020, 5:19 pm | Financial Advice New Zealand

The Trusted Adviser quality mark was launched today by Financial Advice New Zealand. The mark is awarded to those Financial Advice NZ members who show they have committed to qualifications and continuing professional development obligations at a level ... More >>

People Who Get Professional Financial Advice Better Prepared For Future, Research Report Finds

Tuesday, 13 October 2020, 4:16 pm | Financial Advice New Zealand

New Zealanders who get professional financial advice are much better prepared for the future than those who don’t, research by Financial Advice New Zealand has found. The Trust in Advice research report reveals: 55.3% of Kiwis who received financial ... More >>

Financial Markets (Conduct Of Institutions) Amendment Bill Back From Select Committee

Friday, 7 August 2020, 3:05 pm | Financial Advice New Zealand

Financial Advice New Zealand is pleased some of the changes they recommended were amended during the Select Committee process but noted there is room to debate outstanding issues in the House. Chief Executive Katrina Shanks says they are supportive of the ... More >>

Disclosure Requirements And Commencement Date Bring Certainty For Financial Advisers

Thursday, 25 June 2020, 12:00 pm | Financial Advice New Zealand

Financial Advice New Zealand welcomes the announcement of the start of the new financial advice regime and the long-awaited disclosure requirements, released by MBIE today. Chief Executive Katrina Shanks says the announcement of 15th March 2021 as the start ... More >>

Three Licence Classes For Financial Advice Providers Welcomed

Wednesday, 17 June 2020, 1:49 pm | Financial Advice New Zealand

Financial Advice New Zealand welcomes the idea of having three classes of licence for financial advice providers, as proposed in the FMA’s consultation document on full licensing, released today. Chief Executive Katrina Shanks says having three ... More >>

Financial Conduct Bill Well Intended But Has Serious Flaws

Wednesday, 10 June 2020, 3:37 pm | Financial Advice New Zealand

The Financial Markets (Conduct of Institutions) Amendment Bill is well intended in helping ensure customers have access to quality financial advice and products, but that won’t happen unless some serious flaws are addressed, Financial Advice ... More >>

New Resources A Timely Tool For KiwiSaver Investors

Wednesday, 3 June 2020, 8:53 am | Financial Advice New Zealand

Everyone should perform regular financial health checks, says Financial Advice New Zealand as it welcomes new resources by the FMA to help people do a health check on their KiwiSaver savings plan. “This is a good time for a financial health check ... More >>

FMA Warning On Misleading Insurance Advice Welcomed By Financial Advice NZ

Tuesday, 7 April 2020, 4:29 pm | Financial Advice New Zealand

Financial Advice NZ welcomes warnings from the Financial Markets Authority around misleading advice that people need insurance to cover medical bills for COVID-19. “This is not the sort of thing that should be happening at this time and we support ... More >>

Financial Advice NZ Welcomes Delay To Transitional Licensing

Thursday, 26 March 2020, 10:18 pm | Financial Advice New Zealand

Financial Advice NZ welcomes the delay of the new financial advice regulatory scheme till early next year. The transitional licensing application window, which is part of the Financial Services Legislation Amendment Act, is expected to be extended to ... More >>

Financial Advice NZ Welcomes Delay Of Submissions On Conduct Of Institutions Bill

Tuesday, 24 March 2020, 11:27 am | Financial Advice New Zealand

Yesterday’s decision by Parliament’s Finance and Expenditure Committee to extend the time for submissions on the Financial Markets (Conduct of Institutions) Amendment Bill is a very sensible one, says Financial Advice NZ. “This is the exactly the ... More >>

Benefits Of Changes To Default KiwiSaver Funds Will Be Significant, Says Financial Advice NZ

Sunday, 1 March 2020, 6:22 pm | Financial Advice New Zealand

Financial Advice NZ welcomes rules changes to default KiwiSaver funds announced today by the Government. “These changes will make a significant difference to the retirement savings of the hundreds of thousands of New Zealanders who are in a default ... More >>

Retirement income review hits nail on head

Wednesday, 29 January 2020, 1:05 pm | Financial Advice New Zealand

The 2019 Review of Retirement Income Policies by the Commission for Financial Capability hits the nail on the head around KiwiSaver and NZ Superannuation, says Financial Advice NZ. More >>

Consumer NZ’s claims show lack of understanding

Thursday, 23 January 2020, 2:20 pm | Financial Advice New Zealand

A claim by Consumer NZ that financial advisers suggest clients look at new life insurance policies just so they can boost their commissions is sensationalist and shows a total lack of understanding of how the sector works, says Financial Advice ... More >>

 

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL