Archive - 2021
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December 2021
01 Dec 2021 Default-Day for KiwiSaver
01 Dec 2021 RBNZ reviews banks' risks
November 2021
30 Nov 2021 NZ shares bounce from omicron sell-off
30 Nov 2021 KiwiSaver default funds - all you need to know
30 Nov 2021 Longer term rates in vogue; Revamped non-bank lender
30 Nov 2021 Vax chat hits a raw nerve - advisers can do better
30 Nov 2021 How cities need to change to adapt to climate change
30 Nov 2021 Borrowers looking to longer terms thanks to Covid
30 Nov 2021 Omicron - one step forward, two steps back for economic recovery
29 Nov 2021 Omicron ordeal knocks NZ index 200 points
29 Nov 2021 Fidelity Life drops the jargon, boosts adviser support
29 Nov 2021 Asteron adds specific injury cover to legacy products
29 Nov 2021 Three new recruits for Fidelity Life
29 Nov 2021 Vaccination status no issue for Southern Cross Healthcare
29 Nov 2021 Guidelines for Covid-infected people living in apartments
29 Nov 2021 Old company with a new name
27 Nov 2021 [The Wrap] Death and disease - and the jab
26 Nov 2021 Nu-covid sends shares tumbling
26 Nov 2021 Earnings surprises support equity returns
26 Nov 2021 Making drawdown a success
26 Nov 2021 Squirrel bites into residential mortgage investments
25 Nov 2021 F&P Healthcare props up NZX50
25 Nov 2021 More changes at the top for the FMA
25 Nov 2021 Covid vaccination status a watching brief for NZ insurers
25 Nov 2021 Westpac's problems exposed; Orr says bank put best foot forward
25 Nov 2021 Westpac's governance problems detailed
25 Nov 2021 Easy Crypto expands with a new chief of staff
25 Nov 2021 nib recognised as an inclusive workplace
25 Nov 2021 CoFI adds more challenges to financial services
25 Nov 2021 Adrian Orr: We put our best foot forward
24 Nov 2021 Stock market rallies as RBNZ eases rates higher
24 Nov 2021 RBNZ hikes OCR
24 Nov 2021 Reaction to OCR hike
24 Nov 2021 RBNZ hikes rates, and promises more
24 Nov 2021 Smartshares gains new director - Lindsay Wright resigns
24 Nov 2021 House prices materially falling chorus from banks
24 Nov 2021 DTI consultation starts
24 Nov 2021 RBNZ adds new option to DTI consultation
24 Nov 2021 FMA releases FAP self-assessment tools
24 Nov 2021 More people using financial advisers: ASB
23 Nov 2021 Shares slump as rate hike looms
23 Nov 2021 Accuro supports Wellington air ambulance
23 Nov 2021 Low deposit loans getting harder
23 Nov 2021 Business mix is critical to good coverage
23 Nov 2021 ANZ too clamps down on low-deposit loans
23 Nov 2021 ESG expert joins Forsyth Barr
23 Nov 2021 Advisers can take on the climate change challenge
23 Nov 2021 Banks need to make CCCFA easy for advisers: Gough
22 Nov 2021 BNZ has further toughened its lending criteria
22 Nov 2021 OCR to rise; Hear the latest from Tony Alexander
22 Nov 2021 Will it be a 25 or 50 basis point rate increase this week?
20 Nov 2021 Heartland increase HER LVR
20 Nov 2021 What is really behind Responsible Investing and ESG ratings?
19 Nov 2021 Ryman Healthcare leads market lower
19 Nov 2021 Nuclear weapons and nicotine alternatives a no-go zone for responsible investors
18 Nov 2021 NZ shares slide as inflation expectations jump
18 Nov 2021 Asteron Life wins top award - AIA exec honoured
18 Nov 2021 RBNZ chief economist goes
18 Nov 2021 The cost of retirement increases - again
18 Nov 2021 Tower's flood modelling to change premiums
17 Nov 2021 NZ sharemarket lower as Plexure falls 13%
17 Nov 2021 Super fund names new head of portfolio investments
17 Nov 2021 Climate change disclosures - the FMA's regulatory response
17 Nov 2021 Rising stars and old hands - awards wrap
17 Nov 2021 Regulation will restore confidence in financial advice
17 Nov 2021 Construction costs still streaking ahead
16 Nov 2021 Market Close: Electricity stocks fall as interest rates rise
16 Nov 2021 Wealthpoint appoints Independent Director
16 Nov 2021 Auckland housing crisis nearly over
16 Nov 2021 What went well at COP26 (and what wasn't so good)
15 Nov 2021 NZ shares bounce back from bad week
15 Nov 2021 Financial Advice NZ appoints two new directors
15 Nov 2021 Unvaccinated may face higher premiums
15 Nov 2021 Financial Advice NZ conference - online from tomorrow
15 Nov 2021 Hot in Hawke's Bay
15 Nov 2021 Regulation roadblock for retail investment
14 Nov 2021 Calls for responsible lending qualifications for advisers
12 Nov 2021 Pushpay pushes market down
12 Nov 2021 AIA NZ chief executive takes leave
12 Nov 2021 NZ Super invests US$100m in climate tech fund
12 Nov 2021 Stubbs vows to reduce fees after Simplicity hits the $4 billion mark
11 Nov 2021 Mainfreight holds the line as bond yields jump
11 Nov 2021 Smartshares bulks up with ASB purchase
11 Nov 2021 What landlords can tell tenants
11 Nov 2021 FSC membership grows by 23% - new board appointed
11 Nov 2021 Advisers key to closing the protection gap
11 Nov 2021 BNZ and brokers; What's happening? Three year rates at 5%
11 Nov 2021 Former Fidelity exec joins Cigna
11 Nov 2021 Synergy creates portfolio supermarket
10 Nov 2021 NZ shares fall as Pushpay touches 12-month low
10 Nov 2021 Most bank customers earning nothing
10 Nov 2021 BNZ gets more business from advisers, but that may change
09 Nov 2021 NZ shares up as earnings results loom
09 Nov 2021 House prices should fall next year - Westpac
09 Nov 2021 BNZ's profit up 74%
09 Nov 2021 Cigna campaign benefits customers and advisers
09 Nov 2021 AIA offers Best Doctors to group scheme customers
09 Nov 2021 No jab, no job - legal rights in the workplace
09 Nov 2021 Codes must have consequences
08 Nov 2021 NZX 50 falls as F&P Healthcare slips
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