Fresh solution to liability gaps needed
Sector-wide collaboration is needed to find a way to bridge advisor liability gaps for both consumer and advisors’ protection, according to one dispute resolution service.
Financial Services Complaints Limited chief executive Susan Taylor said the number of complaints to the scheme from clients of former DRS members was trending up, as more advisors retired, sold their business or merged with other providers and their advice was no longer covered by their DRS.
“We had one case earlier this year, the complainant’s son, who lived in Australia, had fallen very ...MORE»
Value of index tracking seen in the numbers, says KernelTuesday, November 19th, 7:50AM 1 comment
The increased availability of index fund options and the strength of returns for investors continues to lay down a challenge for active managers, according to Kernel Wealth chief executive Dean Anderson. MORE» |
No plain sailing around Castle PointMonday, November 18th, 7:36AM 1 comment
Castlepoint turnaround taking longer than expected. MORE» |
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New Zealand Equity Monthly October 2024
Start of rate-cutting cycle provides promising signs for New Zealand equities MORE »
Active or Passive? How about the best of both worlds
Passive investing revolutionised the investment management industry, which up until its advent, had been dominated by active fund managers who would generally employ market timing or security selection strategies aimed at outperforming the ‘market’. MORE »
NZFSG’s ‘MyInduction’ Programme: Setting advisers up for success
NZFSG has recently launched an innovative induction programme designed to help advisers new to the network thrive. The ‘MyInduction’ Programme equips advisers with the skills to navigate compliance and leverage NZFSG’s industry-leading technology, services, and support. MORE »
Failure to plan for data-hungry AI will have consequences
The AI train is leaving the station but few financial advisors have their bags packed ready for the journey - nor do they necessarily know where they’re headed.
According to Clive Fernandes, founder and director of AI fintech Sevaka, even some of the major KiwiSaver providers, managing millions of dollars of funds, are behind in their efforts to build a data knowledge base in preparation for the widely-predicted accelerated adoption of AI.
“Building a data knowledge base is the most important step people can take. AI is useless without data.”
“But ...MORE»
NZ Super Fund terminates Devon mandateThursday, November 14th, 4:57PM
The NZ Super Fund has terminated a 13-year old mandate it had with Devon Funds. MORE» |
Govt takes risk-based approach to deposit guarantee schemeThursday, November 14th, 8:08AM
A risk-based funding model for the new depositor compensation scheme will see the four largest banks bear most of the cost of the safety net with smaller entities subject initially to a flat fee. MORE» |
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News Bites
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Booster Foundation takes off
The Booster Foundation inks five partnerships in first year. MORE»
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GoodReturns TV
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[GRTV] Stronger and more unified voice needed to force KiwiSaver changes
The Retirement Commissioner Jane Wrightson talks to Philip Macalister about changes she would like to see made to KiwiSaver. MORE»
Harbour Investment Outlook: Waiting game
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nib experiencing extraordinary claims growth
ASX-listed health insurer nib has told the market that its New Zealand operations are weighing on its earnings performance. MORE»
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TMM Online
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Climate change – a threatening problem for lenders
A looming problem for mortgage advisers over the next few years and coming decades is going to be property insurance, Mark Solomon, LifeDirect managing director says. MORE»
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TAP adds compliance support
The Adviser Platform grows their compliance and governance team with new appointments. MORE»
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KiwiSaver assets grow to $117.6 bill
The KiwiSaver pot grew by $7 billion to $117.6 billion in the third quarter of this year with QuayStreet, Milford and Generate highlighted as some of the strong performers over the long term. MORE»
