Hello

Finally we are seeing some more progress on sorting out the rules around adviser regulation and some discussion is starting on measuring competency.

We have a story on the latest developments, plus a copy of the Securities Commission discussion document.

One of the questions is, what will advisers be measured against? It seems the answer is Level Five on the National Qualifications Framework. Now, if you are like me you would have no idea what that means.

Luckily the latest issue of ASSET provides the answer. If you would like a copy please call Amy on 0800-345675. A single issue is just $9.95 and she can offer you a special deal on a six-month subscription.

Also in the news is a further update on the life insurance legislation.

Insurance News

New rules for advisers outlined by Sec Com
The Securities Commission is pushing on with developing competency standards even though a Commissioner of Financial Advisers has yet to be appointed. More


Local incorporation out of insurance bill
Some parts of the industry were "a little disappointed" that local incorporation for insurance companies would not become mandatory under draft legislation recently released, according to Vance Arkinstall, head of the Insurance Savings and Investment Association (ISI). More


Most KiwiSaver funds positive
Morningstar has released its second six-monthly KiwiSaver Performance Survey, designed to help New Zealand investors assess the performance of their KiwiSaver superannuation options. More

Economists agree OCR cut coming
Economists are expecting Reserve Bank governor Alan Bollard will cut the official cash rate (OCR) again when he next reviews it on April 30 with the only debate being by how much. More