Progress......and a lesson from abroad......

Last week, the Financial Services Legislation Amendment Bill (FSLAB) was presented to Parliament for its first reading. Submissions made by MPs were broadly supportive of the Bill, but there was one point offered which id worthy of closer attention.

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David Whyte
Cause for concern?

At the Booster Conference in Wellington last week – an excellent, informative, and very worthwhile event, I might add – references were made by MBIE and FMA to life insurance commissions that are worrying.

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David Whyte
Reasons to be cheerful - Part 2. Intention, Incredulity, Integrity....and Christmas Cheer

Adios 2016 - almost! A review of any year highlights the good, bad, and the indifferent - or events that have seen intentions delivered, or have left us incredulous,  or present us with benchmarks of integrity to be admired and acknowledged. Despite some bad and distinctly indifferent aspects, there are still reasons to be cheerful and optimistic - and to look forward to 2017.

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It's like déjà vu all over again...

Attributed to the baseball coach Yogi Bera, this quote could apply to the current delay in the process of the Financial Services Industry legislation. First time around, last minute changes saw the introduction of Qualifying Financial Entities confuse a complicated structure of adviser and product categories even further.

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Reasons to be cheerful.......Part 1

Sat in a busy Cafe in Little Collins Street, Melbourne, contemplating the past week in Australia on behalf of SuiteBox Ltd. If you've been somehow indisposed for the past few months, and haven't come across SuiteBox for some strange reason, check out this innovative technology - you'll soon wonder how you ever functioned without it.

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A New Era Dawns

The emergence of Financial Advice NZ, heralds the start of a new era in the country’s financial services industry. For the first time in NZ history – and possibly for the first time in the OECD territories – there is a real opportunity to develop a united representative body aimed at embracing advisers from all parts of the industry.

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Of cliches, common sense, and clarity.

Seldom tempted to join with journos in their sometimes precarious grasp of the issues facing the financial services industry, and to be honest, the opening of this piece by Diana Clement in last Saturdays's NZ Herald did little to change that view. The usual caterwauling and prattling on about advisers - or as the author insisted - "agents" - lining their pockets at the expense of clients, greedy intermediaries, etc., etc.

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