This FMA paper provides insights into the growing awareness of regulators and government agencies worldwide of behavioural finance and behavioural economics, and represents an important message to financial advisers in NZ. The scientific approach to understanding client behaviour with regard to investments and related financial matters is comprehensively contained in the Financial DNA platform.
Read MoreThe impact of technology on financial services has already been dramatic and set to continue for the foreseeable future. The term 'fintech' has now been incorporated into everyday language, and we are only at the beginning of this phenomena. I've mentioned Suitebox on previous posts as a perfect example of how technology will change the way business is conducted, and last week in Melbourne, a fintech conference event recognised and rewarded Suitebox for their innovation
Read MoreThe late great David Bowie's lyric is particularly apt in the current NZ financial services industry. On the company management front, we say farewell to one of the most respected and best-liked CEO's, Milton Jennings.
Read MoreSome years back in Australia and NZ, the banks declared war and entered the hallowed turf previously controlled by life insurance companies. By way of retaliation, a few of the larger life offices obtained banking licenses and went after the banks' market share of the retail banking industry.
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