Archive - 2012
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March 2012
01 Mar 2012 February sees leap in sales and asking price
February 2012
29 Feb 2012 TSB's mortgage book stalls, SBS's book shrinks
29 Feb 2012 Co-operative Bank's Dec Qtr profit falls, mortgage book grows
29 Feb 2012 New investor in Geneva Finance
29 Feb 2012 New bank results
29 Feb 2012 Deluded investors too smart for advice
29 Feb 2012 Apartments lead rise in housing consents
28 Feb 2012 Sam Knowles joins Partners Life
28 Feb 2012 FMA confirms mystery shopping plans
27 Feb 2012 Caring comes before knowing
27 Feb 2012 News Round Up: February 27
27 Feb 2012 Rates round-up: February 27
26 Feb 2012 Quiet start
24 Feb 2012 [Weekly wrap] TNP move creates controversy
24 Feb 2012 Kiwibank near quadruples 2Q profit, mortgage book grew
24 Feb 2012 Kiwibank offers special: Westpac cuts
24 Feb 2012 Expected rise in earthquake stress claims fails to materialise
23 Feb 2012 Pratley moves NZMBA resignation forward
23 Feb 2012 Kiwibank offers special: Westpac cuts
23 Feb 2012 Failed marriages create life insurance minefield
23 Feb 2012 Financial advice subsidy would mean more AFAs
22 Feb 2012 TNP says it isn't out to "rape, pillage and plunder"
21 Feb 2012 One tiny cut
21 Feb 2012 Heartland's listed bonds a hold: Forsyth Barr
21 Feb 2012 Inflation expectations fall sharply
21 Feb 2012 Professional body fight brewing
21 Feb 2012 TNP plan may scupper NZMBA/PAA tie up
21 Feb 2012 IFA worried by TNP's new acronyms
20 Feb 2012 BNZ's mortgage book, profits grew strongly in December quarter
20 Feb 2012 Equitable Mortages' receivers expect to repay between 65% and 70%
20 Feb 2012 Controversial break fees gone?
20 Feb 2012 TNP launches its own professional association
20 Feb 2012 Rates round-up: February 20
20 Feb 2012 Break fees. What break fees?
17 Feb 2012 [Weekly wrap] A marriage and a divorce
17 Feb 2012 Call for govt to subsidise financial advice
17 Feb 2012 More rates down; Pratley resigns and Liberty talks
16 Feb 2012 Heartland profit near guidance; outlook more murky
16 Feb 2012 Liberty says legal action against NZF in Mike Pero Mortgages' best interests
16 Feb 2012 Pratley resigns from NZMBA
16 Feb 2012 IFA farewells FAANZ
16 Feb 2012 Sovereign says new adviser regulations hit sales in 2011
16 Feb 2012 KiwiSavers shun financial advice
16 Feb 2012 Local government bonds attract huge interest
16 Feb 2012 Liberty sues NZF
16 Feb 2012 New analyst for Tyndall
15 Feb 2012 Liberty sues NZF claiming breach of Mike Pero Mortgages JV
15 Feb 2012 Local government funder looks for $300 million
15 Feb 2012 20 hours of CPD? Yeah, right
15 Feb 2012 Fidelity Life announces new business development manager
14 Feb 2012 Sales soar 25% in January
14 Feb 2012 REINZ Regional Commentaries - January 2012
14 Feb 2012 Harbour Commentary: Reflation with risk
14 Feb 2012 Term deposits remain number one
14 Feb 2012 Advisers forced to dob in American clients
14 Feb 2012 ANZ National cut rates
14 Feb 2012 Nationwide prices up but provinces see falls: QV
13 Feb 2012 Two associations to become one
13 Feb 2012 Quality commissions attract quality advisers, says Ballantyne
13 Feb 2012 News Round Up : February 13
13 Feb 2012 Rates round-up: February 13
13 Feb 2012 Chch people expecting higher interest rates
13 Feb 2012 Falling rates stimulate greater interest in fixed-rate mortgages
13 Feb 2012 Auckland and Chch housing hotspots
10 Feb 2012 Lloyd Morrison was a mentor: Carmel Fisher
10 Feb 2012 [Weekly wrap] Morrison a big loss
10 Feb 2012 Investor 'risk illiteracy' a headache for advisers
10 Feb 2012 BNZ finally joins the cuts
09 Feb 2012 Plus4 Insurance Group adds one
09 Feb 2012 Another view on the housing market
09 Feb 2012 Govt dispute resolution scheme in the gun
09 Feb 2012 Rent optimism trumps tax changes to spark investor activity
08 Feb 2012 GPG gives Tower director the boot
08 Feb 2012 RBNZ considers options to contain housing bubble
08 Feb 2012 FMA cracks down on the R word
08 Feb 2012 Bubble control
08 Feb 2012 Dispute resolution merger idea slammed
07 Feb 2012 Hewitson in new role
07 Feb 2012 HFANZ renews call for health insurance tax breaks
07 Feb 2012 Rates round-up: February 7
07 Feb 2012 A couple more cuts
07 Feb 2012 Warm Rentals Bill proposals may get landlords hot under collar
06 Feb 2012 Predictions for 2012: financial advice
03 Feb 2012 ‘No end in sight' to rent rises, tenant bidding wars
03 Feb 2012 SCF receivers sell Dairy Holdings stake
03 Feb 2012 [Weekly wrap] Change needed
03 Feb 2012 More fixed rate cuts
03 Feb 2012 Treasury advocating strongly for CGT
03 Feb 2012 Auckland market sees strongest January for four years
02 Feb 2012 Kiwibank cuts. Just BNZ to go
02 Feb 2012 Investor wins Hanover tax fight
02 Feb 2012 Is there a property bubble brewing?
02 Feb 2012 Adviser "angst" over anti-money laundering rules
02 Feb 2012 Next banks to move
02 Feb 2012 Migration turnaround likely to underpin housing market
01 Feb 2012 Big banks at risk of ratings downgrade
01 Feb 2012 Predictions for 2012: investment markets
01 Feb 2012 Do we have the best way of setting the OCR?
January 2012
31 Jan 2012 Bollard's departure sparks monetary policy debate
31 Jan 2012 New NZX boss revealed
Latest News
[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
Trust in AI’s decision making not keeping pace with adoption
Trust in AI’s decision making not keeping pace with adoption
3 min read
Banks lose KiwiSaver share
Banks lose KiwiSaver share
2 min read
Latest Comments
FE Investments in receivership
Fei , trustees still hold large of money not yet refund fully.
6 days 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