Archive - 2016
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May 2016
20 May 2016 Stubbs looking to launch new KiwiSaver offer
20 May 2016 Migration steady, but slowing
20 May 2016 Nikko reports strong retail growth
20 May 2016 Making the letting process easier
20 May 2016 ASB plays the long game
20 May 2016 China more tempting but time not yet right
19 May 2016 FMA: No emails please
19 May 2016 Auckland’s pain is shared - ASB
19 May 2016 AMP makes advice appointments
19 May 2016 ASB appoints new boss for wealth and insurance
19 May 2016 FSC launches income protection information
19 May 2016 Density real key to growth
19 May 2016 Warning: No room for complacency on digital disruption
18 May 2016 Get rid of Auckland’s urban boundary - Labour
18 May 2016 Meth testing standard in the works
18 May 2016 Investor confidence drops
18 May 2016 SBS betters its big bank peers
18 May 2016 Reserve Bank calls for lower commissions
18 May 2016 SuiteBox woos Kiwi advisers
17 May 2016 New CEO for Mortgage Express
17 May 2016 Big lift in KiwiSaver withdrawals
17 May 2016 Expect more lending restrictions soon
17 May 2016 Property Council: Debt to income ratio won't solve shortage
17 May 2016 Autopilot mode helps KiwiSaver members to better returns
17 May 2016 Anti-commission argument not winning: Ballantyne
16 May 2016 Harmoney appoints chair
16 May 2016 Pressure on Council ramps up
16 May 2016 Former bank board member joins GFS
16 May 2016 Turning up the heat
16 May 2016 New norm for two-year specials
16 May 2016 Roboadvice may be a solution to fee pressure
13 May 2016 FMA wins deregistration fight
13 May 2016 Market pressures could prompt commission change: Report
13 May 2016 High rise boom times
13 May 2016 Rates are back below 4%
13 May 2016 Tax changes may hit trans-Tasman transfers
13 May 2016 Some advisers earning more than $750k per year
12 May 2016 Final call in MTF case
12 May 2016 SFO tells clients to question advisers
12 May 2016 Harmoney increases fees for investors
12 May 2016 Defying the winter chill
12 May 2016 LVR measures looming
12 May 2016 Risks in new RBNZ proposal
12 May 2016 Accountants, lawyers to join advisers in AML
11 May 2016 RBNZ having second thoughts
11 May 2016 Halo effect growing - REINZ
11 May 2016 LVR measures on the horizon
11 May 2016 Housing market still RBNZ's headache
11 May 2016 RBNZ still thinking about ways to slow the housing market
11 May 2016 Halo of confidence
11 May 2016 Nick Tuffley's interest rate update
11 May 2016 Support for wholesale change, except from banks
10 May 2016 Super Fund sells down
10 May 2016 Foreign buyer numbers revealed
10 May 2016 Comparing OCR and floating rates no longer relevant
10 May 2016 Calmer waters for Coromandel holiday rentals
10 May 2016 Investors under fire
10 May 2016 Stewart Group joins Plus4
10 May 2016 Terminal illness cover launched
10 May 2016 Pressure goes on adviser fees
09 May 2016 Wellington Airport issues bonds
09 May 2016 Investors under fire
09 May 2016 TSB's new rate; BNZ's broker business revealed
09 May 2016 FSCL members split on court bid
09 May 2016 ANZ committed to wealth
09 May 2016 Triplejump drops staff
07 May 2016 Competition Takes Many Forms
06 May 2016 BNZ reveals how much broker business it has banked
06 May 2016 ASB encourages borrowers to go long
06 May 2016 FSCL mum on court bid funding
06 May 2016 Strategising for a changing population
05 May 2016 Ensure full disclosure - ComCom
05 May 2016 BNZ's profits down
05 May 2016 Healthy Homes Bill progresses
05 May 2016 ANZ holds its rating despite profit fall
05 May 2016 Industry told: Make Kiwis care
04 May 2016 Kepa seeks new members
04 May 2016 Values rising around NZ
04 May 2016 April sees SuperCity at slower pace
04 May 2016 The 'how' and 'why' of negative interest rates
04 May 2016 ANZ talks results; CU Baywide plays three of a kind
04 May 2016 Advisers' pre-emptive strike
04 May 2016 Sovereign changes underwriting process
03 May 2016 ANZ happy with broker remuneration model
03 May 2016 Forget demand – address supply
03 May 2016 ANZ profits drop in half year results
03 May 2016 Obituary - Paul Murphy
03 May 2016 FMA slaps Craigs over AML failures
03 May 2016 ASB: The only way is up
03 May 2016 How much should advisers have known about tax on transfers?
03 May 2016 Onwards and upwards
02 May 2016 Minimum rental standards push reignites
02 May 2016 Westpac hits record result in NZ
02 May 2016 Consumers might favour algorithms over fallible humans
02 May 2016 Top of the South: Sunny side up
01 May 2016 Only sub 4% home loan due to end
April 2016
29 Apr 2016 New building trend easing
29 Apr 2016 OCR cuts imminent
29 Apr 2016 Chief operating officer appointed for NZHL
29 Apr 2016 Plan for Uber of financial advice
Latest News
Koura reports another loss
Koura reports another loss
1 min read
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
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?
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