Archive - 2019
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January 2019
17 Jan 2019 Industry ready for regulators' insurance report
17 Jan 2019 Auckland sales at 10 year low
17 Jan 2019 Wealth business pays off for banks
16 Jan 2019 Stocks rise, buoyed by dairy prices, overseas markets
16 Jan 2019 Drama absent from market
16 Jan 2019 Doing nothing 'not an option'
15 Jan 2019 Local shares drift after US stocks eased back overnight
15 Jan 2019 Markets price in 40% chance of OCR cut
15 Jan 2019 Planning fallacies – the pushy little trend
15 Jan 2019 Three hires for Mortgage Express
15 Jan 2019 Non-banks head to Hamilton and Christchurch
15 Jan 2019 Advisers sign on for regulation summit
15 Jan 2019 AIA celebrates 100 years
15 Jan 2019 Time of change: 2019 forecast
15 Jan 2019 Booster puts pressure on index funds over weapons investments
14 Jan 2019 From FMA to RBNZ
14 Jan 2019 NZ shares inch higher in tepid trade
14 Jan 2019 Harbour fixed income head moves on
14 Jan 2019 Strong growth in provinces
14 Jan 2019 Tower exec takes over Public Trust CEO role
14 Jan 2019 New year; new rates
11 Jan 2019 Govt needs to step in to annuity market: Researcher
10 Jan 2019 NZ shares fall as investors take a breather
10 Jan 2019 Advisers welcome interest-only boost
10 Jan 2019 COMMENT: How to fix the housing crisis
09 Jan 2019 Top 10 Dow Jones Industrial Average Factoids – 2018 in Review
09 Jan 2019 NZ shares gain as trade fears ease
09 Jan 2019 Ignore the chatter; take the long-term view
09 Jan 2019 Education providers tweak offers
09 Jan 2019 Premium increases: An adviser would have helped
08 Jan 2019 NZ shares get further lift on improving offshore sentiment
08 Jan 2019 Eight reasons to be optimistic about 2019
08 Jan 2019 Consumers want qualified advice
07 Jan 2019 Investors go bargain hunting
07 Jan 2019 Auckland property market edges towards first price decline in a decade
07 Jan 2019 Australian Royal Commission will impact NZ
07 Jan 2019 Time for a sea change
04 Jan 2019 Investors move to defensive stocks on global jitters
04 Jan 2019 December rental stats available now
04 Jan 2019 House prices correct nationally but still some hot spots
03 Jan 2019 NZ shares drop in first trading day of 2019 as Kathmandu whacked on weak sales
03 Jan 2019 The outlook for 2019
03 Jan 2019 Naylor explains why a Level 5 qualification is too low for quality financial advice
01 Jan 2019 Ten things to look out for in 2019
01 Jan 2019 2018, more time will tell
Latest News
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
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
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