Level 5 cert insufficient for some advice areas

Minimum industry entry requirements are not enough to qualify an adviser to give advice in some specialised areas but it looks unlikely the Financial Advice Code will change to raise the bar any higher.

Minimum industry entry requirements are not enough to qualify an adviser to give advice in some specialised areas but it looks unlikely the Financial Advice Code will change to raise the bar any higher.

Last year, the Financial Advice Code Committee reviewed the standards of competence, knowledge, and skill in the code, asking for feedback from the sector on changes which will see more emphasis placed ...MORE»

Disclosure is not a tick box exercise: FMA Wednesday, April 2nd, 8:14AM  4 comments The regulator wants to see advisers avoid burying disclosure in lengthy documents full of jargon and consider finding more creative ways of getting the information across. MORE»

ETF guardrails open up possibilities Tuesday, April 1st, 6:34AM Multiple surveys out of the US show financial advisers’ appetite for crypto exposure is on the rise, with ETFs and the protections they offer seen as an effective way of exploring digital assets. MORE»

Pathfinder gets new shareholder

Rātā Foundation has acquired a 25% stake in Alvarium Management Holdings, the parent Pathfinder and Alvarium Wealth.

Rātā is a South Island based foundation with funds of $700 million that generates around $26 million annually which has paid out in social impact to community organisations in Canterbury, Nelson, Marlborough, and the Chatham Islands.

It has invested in Alvarium to expand direct investment and co-investment with goals of strong financial returns and positive community outcomes.

Alvarium wanted to ...MORE»

[The Wrap] CoFI starts as the regulator faces pressure Sunday, March 30th, 2:19PM It's a big week ahead with at start of CoFI Monday and of course the Financial Advice NZ conference in Christchurch. MORE»

Time the only true test for outcomes-focused regulation Friday, March 28th, 3:09PM The latest guidance from the FMA appears to allay some industry concerns about how it will  regulate based on consumer and market outcomes but some areas will likely remain grey until it is really put to the test. MORE»

News Bites

TA Associates deal to buy Craigs stake clears hurdles

Craigs Investment Partners shareholder have approved a proposal to sell a 50% share in the company to global private equity firm TA Associates. MORE»

GoodReturns TV

[GRTV] Antipodes portfolio manager discusses emerging markets fund's potential amid volatility

Antipodes Portfolio Manager John Stavliotis discusses the opportunities in emerging markets, their strong growth potential and diversification benefits.  MORE»

Passive Investing is Impassive on Valuation

It’s difficult to approach the topic of passive investing without acknowledging one’s own inherent bias. After all, careers have been built on the premise that active investing adds value. No matter how much we try and attempt to set biases aside – your author know they are unlikely to succeed. MORE»

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After short delay nib life takes off

nib says its new Ultimate Life and Living Insurance suite of products will be available to advisers from Wednesday after, after delaying the initial launch date. MORE»

TMM Online

Three offers recommendation lost in translation - ComCom

The Commerce Commission has stepped back its three completed lender offers proposal it wants mortgage advisers to adhere to. MORE»

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Carnall leaves nib

nib has combined two key roles resulting in Chris Carnall and Julie Calder leaving the business. MORE»

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KiwiSaver or KiwiTaxer? The changes high on adviser wishlists

There remains no real incentive for clients to direct extra contributions into KiwiSaver, so long as New Zealand is still a global outlier in its choice of tax structure around retirement savings, according to one financial advisory firm leader. MORE»