Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Should Financial Advisers be regulated?

27 May 2005

Should Financial Advisers be regulated?

Financial planning magazine ASSET has today launched a website to discuss the important issue of financial intermediary regulation. The website address is

Earlier this week a Government-appointed Task Force launched an Options Paper. This paper outlines issues facing advisers and also offers four different options for regulating the advisory industry.

ASSET magazine editor Philip Macalister says that adviser regulation is one of the biggest issues facing the financial services industry.

“Whatever changes stem from the Task Force are likely to significantly change the face of the industry,” Mr Macalister says.

It is also a major issue for the savings public. Mr Macalister agrees with the view expressed by the Task Force that having a robust advisory industry is a crucial step towards getting New Zealanders to increase their savings rate.

While much of the public and media attention is on recent Budget announcements such as the Government’s workplace savings scheme, Kiwi Saver, and tax changes to managed funds, adviser regulation appears to have been ignored.

Mr Macalister says it is important that consumers as well as the savings industry get involved in this debate and he encourages people to attend one of the Task Force’s consultation meetings which are being held around the country over the next couple of weeks.

“In order to facilitate the debate and to help achieve some good outcomes we have established this website,” he says.

ASSET is the number one monthly magazine for financial advisers in New Zealand. It is published by Tarawera Publishing Ltd which also produces leading financial planning website . also organises and runs the annual Financial Planner of the Year Awards.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Voluntary Administration: Renaissance Brewing Up For Sale

Renaissance Brewing, the first local company to raise capital through equity crowdfunding, is up for sale after cash flow woes and product management issues led to the appointment of voluntary administrators. More>>


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>


Media Mega Merger: Full Steam Ahead For Appeal

New Zealand's two largest news publishers have confirmed they are committed to pursuing their appeal against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>


Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>