Viewing entries tagged with 'FAA'

Financial Services Legislation Amendment Bill does away with agents

20 February 2017

Goodreturns: New rules governing financial advice have done away with a proposed "agent" category, but many people are unimpressed. More>

FAA review number two

27 January 2017 After a delay caused by the Kaikoura earthquake, MBIE says that an exposure draft of the new Financial Advisers Act should be ready for distribution before the end of February with the aim of introducing a Bill to Parliament by mid-2017. More>

Goldsmith replaced by Jacqui Dean

19 December 2016

Paul Goldsmith is now the former Minister of Commerce following Prime Minister Bill English's Cabinet reshuffle. Jacqui Dean is the new minister and one of her roles will be to finalise the delayed review of the Financial Advisers Act. More>

New robo advice site

12 December 2016

Next year's revamp of the Financial Advisers Act which will legalise the use of robo-advice in New Zealand's financial sector can't come soon enough for one young Wellington entrepreneur. More>

FAA review delayed

2 December 2016

The much anticipated Exposure Draft of the new Financial Advisers Act won't be out before Christmas as previously promised.  More>

FAA licensing deadline Thursday

30 November 2016

The process of licensing of fund managers is coming to an end and next up with be an even bigger job, the second round for financial advisers.  More>

Industry must embrace change: CFFC

7 September 2016

Commission for Financial Capability: “The industry has got to evolve and change and provide advice in a way so people get what they want when they want it. Not just trying to fit square pegs into a square hole. Everyone knows non-bank advice is not growing and there needs to be other choices.” Good Returns.  More>