Archive - 2016
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June 2016
14 Jun 2016 Scam email targets finance sector
14 Jun 2016 SBS appoints former ASB exec as its new CEO
14 Jun 2016 More KiwiSaver options wanted
14 Jun 2016 Blaming landlords not the answer
14 Jun 2016 AMP appoints co-head of New Zealand fixed income
14 Jun 2016 Banks tighten belt on foreign borrowing
14 Jun 2016 Clarification offered on Financial Advice NZ questions
14 Jun 2016 Ross liquidators contact more investors
13 Jun 2016 ASB joins other main banks in limiting foreign borrowing
13 Jun 2016 ASB joins banks restricting foreign buyers
13 Jun 2016 Property hunter
13 Jun 2016 BNZ just pips Westpac with new Special
13 Jun 2016 FMA must reveal more of Warminger case
13 Jun 2016 A focus on sustainable growth and quality
13 Jun 2016 NZX sees ETF popularity grow
10 Jun 2016 Former Southern Cross boss dies
10 Jun 2016 Bay of Plenty new growth star
10 Jun 2016 RBNZ says LVR restrictions worked; but not how people expected
10 Jun 2016 Details of Financial Advice NZ yet to be worked out
10 Jun 2016 Rotorua property auction delivers varying results
10 Jun 2016 BNZ, Westpac, ANZ restrict foreign lending
09 Jun 2016 More investor lending restrictions looming
09 Jun 2016 PAA and IFA reveal plans to launch new, unified organisation
09 Jun 2016 LVR restrictions stopped $20 bill of lending
09 Jun 2016 More on OCR announcement plus Live Webcast
09 Jun 2016 Financial stability reason for unchanged OCR
09 Jun 2016 Risk poor policy analysis could affect commission decisions
09 Jun 2016 OCR stays at 2.25% - What the bank said today
09 Jun 2016 Official Cash Rate left unchanged
09 Jun 2016 PAA and IFA reveal plans to launch new, unified organisation
09 Jun 2016 New option offered to pension transferers
09 Jun 2016 Without a voice
08 Jun 2016 Investor opportunities exist in Chch
08 Jun 2016 'Drastic' lending changes to challenge investors
08 Jun 2016 Trades concentrated with top five brokers
07 Jun 2016 ANZ's lending changes surprise mortgage advisers
07 Jun 2016 Boosting Auckland returns with AirBnB
07 Jun 2016 Cashing in on interest rates
07 Jun 2016 Mortgage Supply lassos brokers out West
07 Jun 2016 Investors want more engagement
07 Jun 2016 A view of Brexit, from London
06 Jun 2016 Financial services people recognised in Queens Birthday awards
03 Jun 2016 Brokers real success story for The Co-operative Bank
03 Jun 2016 OCR holding - Economists
03 Jun 2016 [EXCLUSIVE] Banks capture most new AFAs
03 Jun 2016 OCR calls favour hold
03 Jun 2016 Auckland prices static
02 Jun 2016 Councils must open up land to match growth
02 Jun 2016 Don't believe all the hype about property flipping
02 Jun 2016 Frequent flipping a myth
02 Jun 2016 Adviser helps train up new AFAs
02 Jun 2016 Rental insulation requirements are now law
01 Jun 2016 Credit Union Baywide receives good news
01 Jun 2016 Investors driving value growth - QV
01 Jun 2016 Waikato market surprises
01 Jun 2016 No rush to cut OCR
01 Jun 2016 Changes at Westpac
01 Jun 2016 $1.9 mill start for PAA Legacy Trust
May 2016
31 May 2016 Auckland under pressure
31 May 2016 Consents drop amid supply furor
31 May 2016 Less urgency to cut OCR but bias remains
31 May 2016 The problem with the ideal
31 May 2016 HSBC: OCR holding till August
31 May 2016 Nice 5th birthday present for Partners Life
31 May 2016 The Partner's story rolls on with a new multi-million investment
30 May 2016 New Watercare option for Auckland landlords
30 May 2016 OCR on hold till August - HSBC
30 May 2016 Kiwibank's 3.99% gone
30 May 2016 Brexit, stage left
30 May 2016 Fee guidance doesn't answer all questions
30 May 2016 Rich pickings in NZ's fruit bowl
27 May 2016 Budget unlikely to change Reserve Bank views
27 May 2016 Investors dominating housing market
27 May 2016 Code changes likely by year's end
27 May 2016 Too cool for comfort?
26 May 2016 More needed to address supply issues
26 May 2016 Budget 2016: what it has to say on property
26 May 2016 TSB tweaks
26 May 2016 FMA: Changing regulatory landscape hard for some
26 May 2016 Investors’ mortgage lending share up
26 May 2016 Investors dominating market
26 May 2016 SHA fast-tracking to be protected
25 May 2016 First NZ buys wealth firm
25 May 2016 Optioning commercial alternatives
25 May 2016 The Co-Op Bank makes changes
25 May 2016 Tax changes suggested to hit richer pensioners
24 May 2016 Tactical guessing game
24 May 2016 Demand pushes Auckland rents up
24 May 2016 Investors brace for higher interest rates
24 May 2016 Property investment loans to cost more
24 May 2016 Crown land supply plan moves forward
24 May 2016 Managing investment risk
24 May 2016 FMA: Advice at retirement 'crucial'
23 May 2016 June cut speculation
23 May 2016 Inflation concerns could mean June cut
23 May 2016 What do you cut when something has to give?
23 May 2016 Maximising development returns
23 May 2016 Lack of advisers a '10- to 30-year problem'
22 May 2016 Fraudulent former adviser fails in court bid
20 May 2016 Hefty penalty for real estate price fixing
Latest News
Koura reports another loss
Koura reports another loss
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Can AI pick the best KiwiSaver provider?
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
[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
NZX aims for 5% of KiwiSaver market in three-to-five years
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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?
3 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.
3 weeks ago P Urbani