Hello

It's been a big news week for advisers.

Finally we have the appointment of a Commissioner of Financial Advisers, albeit it just an interim appointment.

At the same time, the search for a new chief executive of the PAA has begun.

For insurance advisers there is a big warning in the latest IFA disciplinary cases. The story on Good Returns has links to the decisions which highlight the risks life advisers face when they stray into giving investment advice.

To round off the week we also have the latest from the Million Dollar Round Table.

Insurance News

IFA welcomes Cotton appointment, deadline back on track
The Institute of Financial Advisers has welcomed the appointment of Annabel Cotton as commissioner for financial advisers, and is confident next year's regulation deadline can still be met. More

IFA applies shame factor
For the first time the Institute of Financial Advisers (IFA) has named advisers found guilty by the organisation's disciplinary committee. More

Full decisions on the cases can be read here: Lunn decision, Ryder decision.

BIG gets bigger
Auckland-based business risk firm Solutions Financial Services (SFS) has merged with dealer group Brokers' Independent Group (BIG). More

People

Newpark gets a new general manager; Situations vacant: PAA chief executive. More

Practice management

Transforming wealthy friends into clients
Have you ever considered asking high-net-worth friends for their business but have been reluctant to do so? While you may be an expert at approaching strangers, you may find it difficult to ask successful friends or acquaintances to become clients. More