Archive - 2016
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December 2016
02 Dec 2016 Booster boosts board
01 Dec 2016 Unintended consequences
01 Dec 2016 Buying or selling property? Know your tax obligations
01 Dec 2016 FAA review delayed
01 Dec 2016 Slowing growth trend continues - QV
01 Dec 2016 AMP takes out top award
01 Dec 2016 Green’s rental bill fails
01 Dec 2016 More options for buyers
01 Dec 2016 Addressing housing market risks - RBNZ
01 Dec 2016 Global infrastructure hit by two big risk factors
November 2016
30 Nov 2016 Devon to get new MD
30 Nov 2016 Fixed term tenancies most popular
30 Nov 2016 Addressing housing market risks - RBNZ
30 Nov 2016 DTIs not in the near future - economists
30 Nov 2016 RBNZ readies to deploy DTI tools
30 Nov 2016 RBNZ asks for DTI tools
29 Nov 2016 Tufui wins top SBS award
29 Nov 2016 Jack Regan gets a new role in AMP reshuffle
29 Nov 2016 Wellington market moves on
29 Nov 2016 SBS grows and adjusts commission levels
29 Nov 2016 Heartland interested in UDC
29 Nov 2016 Price fixing earns agency $1.25 million fine
29 Nov 2016 Avanti gets good report card
29 Nov 2016 Targeted rates proposed for housing developments
29 Nov 2016 Westpac follows along
29 Nov 2016 Investor success bubbling away
29 Nov 2016 FAA licensing process will be bigger job thn FMCA: Mason
28 Nov 2016 Castle Point appoints distributor
28 Nov 2016 [Updated] Fund managers on home straight of licencing race
28 Nov 2016 Investor success bubbling away
25 Nov 2016 Heartland Bank to re-enter residential mortgages
25 Nov 2016 Ringing in the rate changes
25 Nov 2016 Performance fee update – lesson for NZ
24 Nov 2016 Downbound trend for investor lending
24 Nov 2016 Devil in property tax detail
24 Nov 2016 Bentley adds new manager
24 Nov 2016 Primed for future growth
24 Nov 2016 ANZ sets new highs
24 Nov 2016 Robo offer will soon become essential for advisers: Symons
24 Nov 2016 Bill introduced to lift adviser requirements
24 Nov 2016 KiwiSaver quake moves spark warning
23 Nov 2016 Westpac makes substantial change
23 Nov 2016 Give your ABS a check-up
23 Nov 2016 Demand leads to new renovation cover
23 Nov 2016 Rents on the rise
22 Nov 2016 Asteron offers quake help
22 Nov 2016 Non-bank lender moves into peer to peer lending
22 Nov 2016 Financial Advice NZ offers online feedback option
22 Nov 2016 Before you sign on the dotted line
21 Nov 2016 Leaky building mega suit hits court
21 Nov 2016 NZ commercial market global star
21 Nov 2016 BNZ offers 4% term deposit rate
21 Nov 2016 Another bank increases rates
21 Nov 2016 Milford to establish private equity fund
21 Nov 2016 Banks raise concern about 'fee-chasers'
21 Nov 2016 New peer-to-peer mortgage provider licensed
21 Nov 2016 'Lower forever' no longer safe interest rate view
19 Nov 2016 Regional gap in estate planning reveals Aucklanders on thin ice
18 Nov 2016 Post-earthquake OCR cut unlikely
18 Nov 2016 Debate rages over foreign buyer data
18 Nov 2016 Inflation returns to the global economy?
18 Nov 2016 Argument rages over foreign buyer data
18 Nov 2016 Growth fund that shrank prompts client complaint
18 Nov 2016 Investors may expect more from NZ in wake of quake
18 Nov 2016 FMA gets set for new regime
17 Nov 2016 Deal thaws insurance freeze
17 Nov 2016 Bright future for Asset in Auckland
17 Nov 2016 Brokers unhappy with ASB's new refix process
17 Nov 2016 New sales head for Partners
17 Nov 2016 Property deals on hold due to insurance freeze
17 Nov 2016 Kiwibank shifts its focus
17 Nov 2016 Insuring houses tougher post quakes
17 Nov 2016 Ditch benchmarks in client conversations, advisers told
16 Nov 2016 Complectus IPO deferred
16 Nov 2016 House sales drop nationwide
16 Nov 2016 Kiwis seek RI information - but not from advisers
16 Nov 2016 Unitary Plan moves forward
15 Nov 2016 Fidelity offers earthquake assistance
15 Nov 2016 ANZ first bank to offer earthquake package
15 Nov 2016 Drop in mortgage-free properties
15 Nov 2016 Orkibi’s rules to investing
15 Nov 2016 Advisers told to warn clients off cold-callers
15 Nov 2016 FMA warns code changes must be adopted within months
14 Nov 2016 Start your Insuretech project now
14 Nov 2016 Decline in sales nationwide
14 Nov 2016 Co-Op Bank latest to increase rates
14 Nov 2016 Fisher to leave Partners Life
14 Nov 2016 Opportunities in post-Trump world
14 Nov 2016 Advisers should see no impact from review: ANZ
14 Nov 2016 More investors, fewer mortgage free properties
12 Nov 2016 How FEI Investments reinvented itself
11 Nov 2016 Fire levies unfair for investors
11 Nov 2016 Sovereign appoints head of claims
11 Nov 2016 Rates won't fall on back of OCR cut
11 Nov 2016 Platform promises to drive productivity
10 Nov 2016 RESIMAC answer broker questions over its new channel
10 Nov 2016 The Trump Victory – How might investors react?
10 Nov 2016 DTIs not on the cards yet - RBNZ
10 Nov 2016 DTIs not on the cards yet - RBNZ
10 Nov 2016 Don't expect rates to fall on back of OCR cut
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