News Round Up

New Code out; Get Good Returns on the go; More education providers accredited; Empty handed on mutual recognition.

Monday, July 5th 2010, 5:30AM

The Code MkII out now
The Code Committee released the second version of the Code for financial advisers late on Friday afternoon. The latest code includes changes made by Parliament when it passed the last pieces of legislation setting up the new regulatory environment. Details here

Empty handed on mutual recognition
New Zealand's ministers again raised the issue of trans Tasman recognition of imputing/franking credits with Australian ministers last week - and came away empty handed. [Read More]

ETITO accredits more education providers
Further help is now available for financial advisers seeking authorisation with seven education training providers now ETITO accredited and with the Financial Service Providers Register website being launched last week.

The website contains useful information about the Financial Service Provider regime and the registration process, and from mid July (date to be confirmed) advisers will be able to set themselves up as a user, register as a financial service provider and search the register.

The latest education training providers to offer the National Certificate in Financial Services (Financial Advice) (level 5) (NCFS-5) required for authorisation are the Southern Institute of Technology (SIT), Universal College of Learning (UCOL), UNITEC New Zealand and Waikato Institute of Technology (WINTEC). They join training providers Open Polytechnic, Adviserlink and Strategi.

ETITO manager of strategy and corporate relations Michael Frampton says other providers are also well advanced in accreditation applications including Massey University.

“We’re really heartened by the ever increasing numbers of quality options available to advisers.

“The national training system is gaining momentum and we will do all we can to ensure that it is maintained and continues growth.”

Get Good Returns on the go
Good Returns now offers you its news specifically for mobile phone users. To keep up to date with happenings while you are away from the office just go to m.goodreturns.co.nz on your mobile phone.

Also you can keep up with thoughts on the industry fy following Good Returns publisher Philip Macalister on Twitter. You can follow him at http://twitter.com/PhilMacalister

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