As the end of the decade draws closer, independent advisers face a dual threat: further regulation and lower returns. While considerable debate surrounds the introduction of the new rules for financial advisers, returns may prove the bigger threat to incomes. How advisers and managers navigate these dual threats will likely determine who the industry’s winners […]
Category Archives: KiwiSaver News
Quiz failures show advisers could do more
The Financial Markets Authority says the results of a recent KiwiSaver risk quiz show financial advisers have a role to play in the sector. More than 11,000 people took the KiwiSaver quiz which was created as the FMA’s contribution to the Sorted Money Week. The quiz will remain on the FMA’s website as part of […]
AFA concerns on back-burner for now
Financial advisers who raised concerns about KiwiSaver have been told a review of default provider arrangements will consider those issues – but not until next year. A group of AFAs, headed by John Cliffe, wrote to Commerce Minister Kris Faafoi, Finance Minister Grant Robertson, Reserve Bank Governor Adrian Orr and FMA chief executive Rob Everett. […]
NZ Funds targeting clients’ points of pain
NZ Funds has launched a new pension transfer service with a difference: its nationwide UK pension transfer team are offering to do the transfer advice and processing free of charge, before passing the client back to their adviser to be advised within the context of their usual ongoing advice relationship. “Just over a year ago […]