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Philip Macalister
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September 2025
12 Sep 2025
NZ sharemarket ends flat as US Federal Reserve decision looms
12 Sep 2025
More low deposit buyers enter housing market
12 Sep 2025
More buyers with low deposits getting into housing market
12 Sep 2025
NZ Funds enjoys best year, financially, since 2021
11 Sep 2025
NZ sharemarket closes lower as tech stocks buoyed by Oracle update
11 Sep 2025
Booster appoints new Chief Investment Officer
11 Sep 2025
Housing supply surge gives buyers the upper hand
11 Sep 2025
Keeping a lid on house prices – housing supply outpaces population growth
10 Sep 2025
Financial advice to be pushed through Sorted
10 Sep 2025
Partners Life loses top executive
10 Sep 2025
NZ sharemarket up as healthcare company Pacific Edge rallies 12% on US price news
10 Sep 2025
KiwiSaver turns 18 with $123 billion under management, but 30% aren't contributing
10 Sep 2025
Trauma Cover: Are we thinking things through or just doing what we have always done?
10 Sep 2025
How is the AI revolution hitting financial advice?
09 Sep 2025
NZX 50 stumbles as Ebos Group continues tough fortnight
09 Sep 2025
Harbour Disclaimer September 2025
09 Sep 2025
Harbour Investment Outlook
09 Sep 2025
House prices drop gives buyers a lift
09 Sep 2025
Slumping house prices good news for first home buyers
08 Sep 2025
Infratil rises 2.65%, helps NZ sharemarket outperform Australia
08 Sep 2025
ANZ pays millions to Crown for breaching FMCA
08 Sep 2025
Financial advice industry shows more transparency and protections
08 Sep 2025
Greater transparency and protections
08 Sep 2025
Show Clients the Future, Not Just the Numbers: Meet OMNIMax’s Projection Tool
08 Sep 2025
Pathfinder challenges the idea that fees should be a primary focus for investors
08 Sep 2025
The benefits of outsourcing Virtual Assistants can’t be ignored
05 Sep 2025
Amova NZ appoints new relationship manager
05 Sep 2025
NZ sharemarket ends week up 2.2%
05 Sep 2025
Borrowers pile into one-year mortgage rates
05 Sep 2025
Mortgage borrowers drop short term fixes and flock to one-year rates
04 Sep 2025
NZ sharemarket up 0.4% after Potentia sells Vista stake
04 Sep 2025
Meet NZ’s new life insurer
03 Sep 2025
NZ sharemarket dragged down by a2, Ebos
03 Sep 2025
Banks criticised for slowing open banking
03 Sep 2025
Banks use existing power to control open banking
03 Sep 2025
What’s Changed in the Financial Advice Code?
03 Sep 2025
Former AIA head starts new advice business
02 Sep 2025
NZ sharemarket up 0.4% despite Hallenstein resignation
02 Sep 2025
Banks' new comparison calculator no threat to advisers: Patten
02 Sep 2025
Mortgage arrears ease while lending surges
02 Sep 2025
Mortgage defaults improve while lending rises
02 Sep 2025
Nikko brand replaced
01 Sep 2025
NZ sharemarket closes up over 1%
01 Sep 2025
DepositSmart launches deposit bonds offering to property purchasers
01 Sep 2025
Banks slow to change unfair clawback rules
01 Sep 2025
Banks tardy on making changes to clawback policies
August 2025
29 Aug 2025
UniMed offers support to members with cancer
29 Aug 2025
Newpark ownership changes hands; Hodgetts returns to compliance role
29 Aug 2025
Newpark aggregation group sold
29 Aug 2025
Harbour appoints new fixed income portfolio manager
29 Aug 2025
Delegat provides a bubbly end to NZ reporting season
29 Aug 2025
Flat house prices open door for first home buyers
29 Aug 2025
Predicted zero growth in house prices good for first home buyers
29 Aug 2025
Hodgetts lands new role with large FAP
28 Aug 2025
a2 Milk boosts NZ sharemarket; Hallenstein Glasson leads gains
28 Aug 2025
nib NZ appoints non-executive director
28 Aug 2025
Salt latest manager sold
28 Aug 2025
Borrowers chase cashback as $2.6b changes lenders
28 Aug 2025
Switching lenders reaches record
28 Aug 2025
FNZ employee shareholders claim an early win
27 Aug 2025
Ebos Group shares fall 14%, drags NZX 50 down 0.74%
27 Aug 2025
Chubb Life pays 96% of claims as cancer dominates payouts
27 Aug 2025
Modern-Day demands of income protection
27 Aug 2025
Kiwi, BNZ and ASB gained mortgage market share in June qtr
27 Aug 2025
Select committee proposes moves to boost banking competition
27 Aug 2025
Insurer dobs in adviser
27 Aug 2025
Quick strategies needed for banking competition
27 Aug 2025
Briscoes goes into the NZX50
26 Aug 2025
Channel Infrastructure gains not enough to keep NZX 50 above ledger
26 Aug 2025
FAMNZ pushes for mandatory membership and ongoing training
26 Aug 2025
Ongoing education as part of mandatory professional membership a priority - FAMNZ
26 Aug 2025
[GRTV] AIA talks affordability, products and AI
25 Aug 2025
NZX gains 0.28% as seven companies report earnings
25 Aug 2025
Market share high for first home buyers
25 Aug 2025
Westpac admits CCCFA breaches: what brokers should know
25 Aug 2025
Westpac to cough up for alleged CCCFA breaches
25 Aug 2025
New code for all advisers
25 Aug 2025
KiwiSaver nirvana
25 Aug 2025
Consilium reports increased demand for KiwiWRAP
22 Aug 2025
NZ stocks end weaker, but Fonterra rallies sharply after deal
22 Aug 2025
NZX’s Smart FUM growth slowed to 3.8% in the first half
22 Aug 2025
Chubb Life CEO wraps up three-month adviser tour
22 Aug 2025
Year of the refix: big choices ahead for borrowers
22 Aug 2025
Year of the refix
22 Aug 2025
Heartland expects 18% reverse mortgage growth in NZ
22 Aug 2025
Kiwibank's mortgage lending accelerated in the 2nd half
21 Aug 2025
NZ sharemarket continues momentum as Skellerup sees green
21 Aug 2025
Wealthpoint welcomes new director
21 Aug 2025
OCR cut explained: what brokers need to know for clients
21 Aug 2025
PMG Disclaimer August 2025
21 Aug 2025
Sustainability upgrades deliver tangible gains for commercial property investors
21 Aug 2025
Overseas expansion and name change
21 Aug 2025
Re-fixing holdouts may have had the right strategy as RBNZ turns dovish
20 Aug 2025
Team leader promoted to run claims at Asteron
20 Aug 2025
NZ sharemarket rallies past 13,000 points after Reserve Bank rate cut
20 Aug 2025
Why RBNZ may cut OCR further; more relief for borrowers?
20 Aug 2025
RBNZ cuts OCR to 3%, sees it bottoming at 2.5% in the March 2026 qtr
20 Aug 2025
[BREAKING NEWS] OCR cut to 3%, down 25 basis points
20 Aug 2025
[BREAKING NEWS] OCR cut to 3%
19 Aug 2025
Mercury Energy impresses as NZX 50 dips 0.3%
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Latest News
Can AI pick the best KiwiSaver provider?
4 min read
[Weekly Wrap] What we know, and don't know, about Labour's retirement policies. Plus a potential surprise
2 min read
NZX aims for 5% of KiwiSaver market in three-to-five years
3 min read
Trust in AI’s decision making not keeping pace with adoption
3 min read
Latest Comments
FE Investments in receivership
Fei , trustees still hold large of money not yet refund fully.
1 week ago Raymond Yang
Who is responsible for notifying policy changes?
There is no doubt the obligation is on the insurer who the contract is with. Clearly it would be prudent for an adviser to assist once given clear information by an insurer to assist with the communication but to extend this further. For an insurer to attempt to slide this onto an advisers plate is abdication. The adviser can not change the contract.
1 week ago Darryl Scott
FMA CEO on leave
At the risk of sounding like a broken record, the fundamental flaw in the legislation came about partly through the event that Murray mentions, and also through the negligence of the Select Committee in ignoring the single most cited recommendation in all the submissions (over 34% from memory) of drawing a distinction between product sales and financial advice. To add to their misdemeanour, the Committee then added a paragraph to the Bill confirming that recommendation of one product only constituted financial advice - or words to that effect. The inherent conflict of interest lies in an individual retained by a Class 4 licensee being required to adhere to a code of conduct that requires prioritisation of client interests. To expect a product sales person to subordinate their contractual obligation to their employer is unrealistic, unworkable, and unreasonable. To emphasise, I have no issue with a product provider marketing and selling their own products - but not behind the opaque veil of legislation intended to govern financial advice. If MBIE ever gets around to review FSLAA, Financial Advisers, FANZ, and all other interested stakeholders should mount a fully-funded intensive campaign to persuade our employees in Wellington to remove class 4 licensees from FSLAA, and replace their obligations within an amended CoFI Act.
2 weeks ago David Whyte
FMA CEO on leave
@Murray: The reps seemed to be acting on their personal interests rather than the interests of advisers. Conflict of interest, isn't it?
2 weeks ago w k
KiwiSaver funds shake off Middle East tension
In this recent presentation of mine https://www.knowrisk.co.nz I show that the average Balanced KiwiSaver fund has added approximately +0.43% over and above the gross average policy Benchmark's return's. However, the averge annual costs of -0.97% for Balanced funds have eroded that to be slighly below BMK after costs consistent with typical SPIVA studies. Note this cost number is for the 45 Balanced Funds used only - for all KiwiSaver Funds it is closer to -0.70% p.a. The presentation goes on to show that quite a bit of return is being left on the table by the one size fits all view of risk.
2 weeks ago P Urbani