Archive - 2023
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November 2023
29 Nov 2023 Weaker than expected
29 Nov 2023 [GRTV] Coolabah Capital: new funds and long-short strategies
29 Nov 2023 Sharesies KiwiSaver, including self-select feature, goes to market
28 Nov 2023 NZ sharemarket bounces as energy stocks lift
28 Nov 2023 ASB's mortgage book shrinks
28 Nov 2023 Auckland FAP has its licence cancelled
28 Nov 2023 The ‘Magnificent Seven’ and the Rise of Self-Directed Investing
28 Nov 2023 New Government – new property rules
28 Nov 2023 Level 5 certificate draft up for feedback in new year
27 Nov 2023 NZ sharemarket falls as investor await Reserve Bank news
27 Nov 2023 Generate commits NZD55 million to private equity
27 Nov 2023 ASB's mortgage book shrinks as ANZ, Kiwibank grow market share
27 Nov 2023 Economists, markets debate timing of first OCR cut
27 Nov 2023 NZXWT speeds things up with new API
26 Nov 2023 ASB gets aggressive
25 Nov 2023 Milford appoints new board member
25 Nov 2023 Smoker or non-smoker? Are you sure?
25 Nov 2023 RBNZ stays on hold as economists, markets debate timing of first OCR cut
24 Nov 2023 NZ shares perk up as coalition details announced
24 Nov 2023 NZ shares perk up as coalition details announced
24 Nov 2023 RIAA becomes twin-headed organisation
24 Nov 2023 The first bank rate cut
24 Nov 2023 US-based TA Associates mulls sale of 34% Fisher Funds stake
24 Nov 2023 Sustainable impact fund typically 10-15% of portfolio for ethical investors
23 Nov 2023 NZ sharemarket adrift and directionless
23 Nov 2023 Payments NZ wants changes; TMM annual survey
23 Nov 2023 Payments NZ wants changes to open banking bill
22 Nov 2023 NZ sharemarket holds steady as Ebos dips
22 Nov 2023 Savvy cash offering to boost money management
22 Nov 2023 [The Wrap] The danger in FMA focusing on “fair outcomes”
21 Nov 2023 NZ sharemarket slips as Wall St rally continues
21 Nov 2023 Accuro members vote overwhelmingly in favour of UniMed merger
21 Nov 2023 Whyte steps down as Lifetime chairman
21 Nov 2023 Solving the rental shortage – new legislation and a change of attitude
21 Nov 2023 You can tell us about the mortgage market
21 Nov 2023 When OCR cuts will start
21 Nov 2023 OCR cuts and when they will start
21 Nov 2023 [GRTV]Selecting the right fund manager
20 Nov 2023 NZ sharemarket has late bounce
20 Nov 2023 JAVLN signs up Aussie's BJS Insurance Group for three years
20 Nov 2023 Auckland – globally expensive rents and not enough places to live
19 Nov 2023 Financial advisers unimpressed by Boomer Dad video
19 Nov 2023 Pie's new funds could start with significant tailwind
17 Nov 2023 NZ shares dip as investors wait on Ebos
17 Nov 2023 How is inflation impacting renewables?
17 Nov 2023 AIA Vitality numbers
17 Nov 2023 Robson gets new role at Milford
17 Nov 2023 Four educators represented on Level 5 working group
17 Nov 2023 Concerns over FMA's new approach to regulating
16 Nov 2023 NZ sharemarket dips on profit taking
16 Nov 2023 Dimensional has rolled out three Australian ETFs
16 Nov 2023 ANZ will continue to sell home loans directly
16 Nov 2023 Fire leaves landlord thousands of dollars out of pocket
15 Nov 2023 NZ shares rise on further hopes inflation tamed
15 Nov 2023 Mortgage lending slows to lower DTI rates
15 Nov 2023 No rush to join Fidelity in publishing turnaround times
15 Nov 2023 Asteron appoints national manager of adviser distribution
15 Nov 2023 ANZ will continue to sell home loans directly
15 Nov 2023 Passbacks - How do they work?
15 Nov 2023 What might be coming in new version of level 5 certificate
14 Nov 2023 NZ shares lift as investors contemplate inflation's peak
14 Nov 2023 Real returns from investing in structural change
14 Nov 2023 Harbour Outlook: Economic Crosscurrents
14 Nov 2023 ANZ committed to investments and funds management
14 Nov 2023 Many buyers, not enough properties again fuelling housing market
13 Nov 2023 NZ sharemarket dips on very light volumes
13 Nov 2023 Salt picks up top gong
13 Nov 2023 Ex MP named as new Fisher Funds chief executive
13 Nov 2023 Advisers dominate ANZ's new home lending; TAP is offering discount
13 Nov 2023 Mortgage advisers dominate ANZ's new home lending
13 Nov 2023 Where lenders want to put their money
13 Nov 2023 Ralph Stewart's Lifetime pick up more AMP schemes
13 Nov 2023 Health insurance premiums rose 8% in the June quarter: FSC
13 Nov 2023 TAP hoping to pick up new business with big discount
13 Nov 2023 David Boyle moves on from Mint
11 Nov 2023 Find out what's inside your next issue of TMM
11 Nov 2023 LIfetime buys advice firm
10 Nov 2023 Energy stocks lead the NZ sharemarket down
10 Nov 2023 FMA puts temporary ban on David McEwan and associates
10 Nov 2023 Number of Kiwibank customers in hardship revealed; Prospa in lower NI next week
10 Nov 2023 Kiwibank says few customers stresseed by higher mortgage rates
09 Nov 2023 NZ sharemarket returns to gaining ways
09 Nov 2023 Market share soars for first home buyers
09 Nov 2023 Mortgage advisers approach half of BNZ's new lending
09 Nov 2023 Fidelity opens up on turnaround times
09 Nov 2023 Mortgage advisers approach half of BNZ's new lending; Join Prospa in Whanganui and Palmerston North
09 Nov 2023 Do advisers need another association?
08 Nov 2023 NZ sharemarket slips as Sky TV rejects takeover bid
08 Nov 2023 Changes expected to bill regulating property managers
08 Nov 2023 [GRTV] Cracking the mass affluent market
08 Nov 2023 FBAA plans to boost advisers’ market share
07 Nov 2023 NZ sharemarket snaps winning streak
07 Nov 2023 What the FBAA reckons it can offer Kiwis; Join Prospa in Whakatane and Rotorua
07 Nov 2023 Westpac lauds CoFI's approach; What rates customers are paying
07 Nov 2023 Are equity markets due for a strong finish this year?
07 Nov 2023 Westpac lauds Cofi's principles-based approach, says CCCFA incredibly prescriptive
07 Nov 2023 Westpac says more mortgage customers face higher rates
06 Nov 2023 NZ sharemarket extends gain as Westpac kicks off bank reporting
06 Nov 2023 TSB names new CEO
06 Nov 2023 Westpac's mortgage lending slowed in the second half
Latest News
Advisers hope AI widens market
Advisers hope AI widens market
2 min read
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
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