Disclosure is not a tick box exercise: FMA

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.

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.

“What we're seeing a little bit of in the pursuit of conservatism, so not wanting to get anything wrong, is a lot of papers went to clients in that initial meeting,” FMA Head of Financial Advice Romil Ghelani told ...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 Monday, March 31st, 8:41AM Rātā Foundation has acquired a 25% stake in Alvarium Management Holdings, the parent Pathfinder and Alvarium Wealth. MORE»

[The Wrap] CoFI starts as the regulator faces pressure

It's a big week ahead with at start of CoFI Monday and of course the Financial Advice NZ conference in Christchurch.

I'm not sure there are too many people will be pleased that CoFI kicks off this week. One happy person may be former Financial Markets Authority chief executive Rob Everett; after all conduct was a key issue for him starting from the first public speech he gave as CEO.

It's hard not to argue against good conduct - here I think you'd struggle to find a voice opposing good conduct.

Rather ...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»

3 takeaways from a recent FSCL case Friday, March 28th, 6:03AM  8 comments [Opinion] Good record keeping is critical but there is more to take away from this reported complaint. 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

Solution could be in the wings

After a “constructive meeting” with new Commerce and Consumers Affairs Minister Scott Simpson, FAMNZ country manager Leigh Hodgetts says he seems to understand the Commerce Commission’s insistence on mortgage advisers presenting three completed offers to borrowers will create chaos. 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»