Archive - 2020
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June 2020
05 Jun 2020 RBNZ 'doing its job'
05 Jun 2020 Bright spots in commercial outlook
05 Jun 2020 nib Foundation supports Lifeline to the tune of $150,000
05 Jun 2020 New record low fixed rate at 2.55%
05 Jun 2020 Financial Markets Authority takes ANZ to court
05 Jun 2020 Southern Cross Health latest claims statistics revealed
05 Jun 2020 Ex-Southern Cross executives launch new venture; TSB slashes rates
05 Jun 2020 FSCL told: Plan for succession, hold on to financial reserves
04 Jun 2020 Third consecutive day of gains on NZX as optimism persists
04 Jun 2020 Concerns over commercial rent dispute plan
04 Jun 2020 Ex-Southern Cross executives start new venture
04 Jun 2020 Bank LVR limits on hold; Co-operative Bank cuts rates
04 Jun 2020 Bank LVR limits on hold
04 Jun 2020 The health insurance sector now has a very powerful ally
04 Jun 2020 Bank LVR limits on hold
04 Jun 2020 CareSaver makes private equity investments
03 Jun 2020 Investors eye covid recovery
03 Jun 2020 Weak sales, resilient prices
03 Jun 2020 Time for financial advisers to step up on KiwiSaver
03 Jun 2020 Pie: Covid sharpened focus on changes required
03 Jun 2020 SBS revamps reverse mortgage; ASB helps bereaved borrowers
03 Jun 2020 Former BNZ bankers back new advice firm
03 Jun 2020 SBS revamps reverse mortgage product
03 Jun 2020 Market teeters on cliff edge - QV
02 Jun 2020 NZ shares soar as investors get FOMO
02 Jun 2020 Southern Cross halves staff numbers
02 Jun 2020 Compliance statement deadline extended
02 Jun 2020 AIA offers more commission
02 Jun 2020 AIA, ASB join forces to offer cover
02 Jun 2020 Consents fall could have been worse
02 Jun 2020 No post-Covid-19 dent in asking prices
02 Jun 2020 ANZ sells UDC – again
02 Jun 2020 ASB to help bereaved borrowers
02 Jun 2020 The risk of finding income in a low-interest-rate world
02 Jun 2020 Lending policies changing rapidly; TSB price match
02 Jun 2020 Three big things that are forcing consumers to re-think
02 Jun 2020 Lending policies changing rapidly
02 Jun 2020 FSCL's 'allegations against a very senior parliamentary officer'
01 Jun 2020 Financial advice saving retirement futures: Adviser
May 2020
29 May 2020 [The Wrap] Things returning to normal
29 May 2020 NZ shares outperform weaker global markets
29 May 2020 TSB relaunches price-match offer
29 May 2020 Major industrial development powers on
29 May 2020 The Covid edition
29 May 2020 Tough servicing tests remain; Westpac and TSB slash rates
29 May 2020 Holiday hotspots: what lies ahead?
29 May 2020 Tough servicing tests remain
29 May 2020 Digital advice the mass market solution: Carlyon
28 May 2020 Early market rise undone by fears over US-China tensions
28 May 2020 Fidelity Life chief executive stands down
28 May 2020 Resilience needed in face of change
28 May 2020 FMA warns adviser over advice to go conservative
28 May 2020 OUT NOW: ASSET May issue
28 May 2020 Reserve Bank believes rates will fall; BNZ cuts; Simplicity 2.5% rate
28 May 2020 Simplicity launches 2.5% floating rate
28 May 2020 Life insurers under threat – or are they?
27 May 2020 Partners Life relaxes some Covid rules
27 May 2020 NZ shares buoyed by Mainfreight's upbeat outlook
27 May 2020 FMA: Providers working to help panicked switchers
27 May 2020 Reserve Bank governor believes rates can go lower
27 May 2020 New independent director at Partners Life
27 May 2020 Price expectations spiral down
27 May 2020 Reserve Bank fears loan losses and restructurings
27 May 2020 The Co-operative goes sub 3%; Mortgage lending drops to record low
27 May 2020 IP underwriting is complicated – improving, but complicated
27 May 2020 Retirement Commissioner: Collective effort from advisers needed
26 May 2020 Easing Covid 19 restrictions buoy market
26 May 2020 Mortgage lending slumps to record low in April
26 May 2020 Mortgage lending slumps to record low in April
26 May 2020 Resimac eases criteria for investors
26 May 2020 Resimac eases criteria for investors
26 May 2020 FSC: Advisers more important than ever
25 May 2020 NZ shares gain in light trading as investors eye US-China tension
25 May 2020 Fitch runs Covid-19 ruler over industry
25 May 2020 Professional IQ launches level five version two
25 May 2020 nib supports mental health company
25 May 2020 Kiwibank launches record low rate: compare the market
25 May 2020 Warning association numbers could fall
22 May 2020 China's lack of growth targets weighs NZ market down
22 May 2020 Kiwibank smashes record with 2.65% home loan
22 May 2020 Pepper writes 600 NZ loans; ASB ramps up price war with 2.69% mortgage
22 May 2020 Tapping into help with claims
22 May 2020 COMMENT: Housing supply increase is being hampered
22 May 2020 ASB ramps up price war with 2.69% mortgage
22 May 2020 BNZ tightens lending policy; Westpac and TSB match 2.79% record low
22 May 2020 BNZ tightens lending policy
22 May 2020 Will corporates embrace remote working?
21 May 2020 Investors grow wary; market falls for second consecutive day
21 May 2020 Downward pressures might push investors out
21 May 2020 Pepper writes 600 NZ loans in first year
21 May 2020 ANZ slashes home loan to 2.79% record low
21 May 2020 Winners and losers of FMA levy hike
20 May 2020 FMA: Insurance, advisers have stepped up
20 May 2020 ANZ slashes home loan to 2.79% record low
20 May 2020 NZ shares mixed as investors turn cautious
20 May 2020 Craigs forms strategic alliance with major investment bank
20 May 2020 Rent arrears end tenancies in lockdown
20 May 2020 RBNZ wants lower mortgage rates; Rent increase freeze hits
20 May 2020 Reserve Bank calls for lower mortgage rates
20 May 2020 Financial advice commissions not under threat: Faafoi
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