Archive - 2008
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November 2008
05 Nov 2008 Guardian to restructure cash fund for guarantee
05 Nov 2008 PIS recruits two more to its NZ team
05 Nov 2008 Magellan Roadshow
05 Nov 2008 Waikato: A bellweather property market?
05 Nov 2008 Floating rates find legs
05 Nov 2008 Funds Management & Superannuation Trans-Tasman Roadshow
05 Nov 2008 Tax relief key to KiwiSaver
05 Nov 2008 ASB first big bank to get guarantee
04 Nov 2008 VTL directors resign; Company in receivership
04 Nov 2008 Fidelity Life reports record profit
04 Nov 2008 IRD starts crackdown on property investors' LAQCs
03 Nov 2008 Marac MD to step down
03 Nov 2008 News Round Up
October 2008
31 Oct 2008 [Weekly Wrap] Fund and games
31 Oct 2008 New wealth manager for Macquarie
31 Oct 2008 More rental properties needed
31 Oct 2008 Private landlords to play greater role
31 Oct 2008 Asteron's Stone looking for new high
31 Oct 2008 Managed fund mayhem muted
31 Oct 2008 Asteron's Stone looking for new high
31 Oct 2008 Property investment gets reality check
30 Oct 2008 Withdrawal of lending from GE affects non-banks
30 Oct 2008 Best quarter for funds flow in 18 years
29 Oct 2008 GWM strengthens investment committee
29 Oct 2008 Rates dropping while funding dries up
29 Oct 2008 Rates dropping while funding dries up
28 Oct 2008 Kiwibank to hire financial advisers
28 Oct 2008 AXA suspends $225m of funds as redemptions climb
28 Oct 2008 News Round Up
27 Oct 2008 BNZ's parent in hot seat to buy Wizard
27 Oct 2008 Dunedin pair named top landlords
24 Oct 2008 [Weekly Wrap] Controversy and changes
24 Oct 2008 Your investments in the hands of politicians
24 Oct 2008 OCR drop good news for investors
24 Oct 2008 Fear factor to fade
24 Oct 2008 PIMCO sees value in bonds of firms with government support
23 Oct 2008 Sovereign shakes up structures on commission
23 Oct 2008 AIG transfer offers stir controversy
23 Oct 2008 OCR announcement
23 Oct 2008 Bollard delivers unprecedented rate cut
23 Oct 2008 OCR reduced to 6.5%
23 Oct 2008 Health coverage up - slightly
23 Oct 2008 OCR reduced to 6.5%
22 Oct 2008 Non-banks squeezed as Govt reshapes guarantee
22 Oct 2008 Leave the Super fund alone
22 Oct 2008 SHARE Conference 2008
22 Oct 2008 Fortress notes now worthless
21 Oct 2008 Don't ignore equity markets
20 Oct 2008 News Round Up
20 Oct 2008 Goldridge signs up West as services manager
17 Oct 2008 OCR preview: Massive rate cut expected next week
17 Oct 2008 Weekly Wrap: Playing with risk
17 Oct 2008 Investors starting to pick up pace
17 Oct 2008 Strategic sale terminated on adverse credit markets
17 Oct 2008 [Toolbox] Warning: Potential hazards ahead
17 Oct 2008 The cuts are coming
17 Oct 2008 Sale of Suncorp assets stopped
16 Oct 2008 Dominion shares suspended indefinitely
16 Oct 2008 AIG fights poachers
16 Oct 2008 Hildyard returns
16 Oct 2008 KiwiSaver Performance Survey results
16 Oct 2008 KiwiSaver Performance Survey results table
16 Oct 2008 Guarantee scheme: Who's in
16 Oct 2008 Deposit scheme scares off govt bond buyers
16 Oct 2008 Geneva set to breach bank covenants
16 Oct 2008 Home loan rates expected to fall again
15 Oct 2008 Strategic purchase falters, parties resume talks
15 Oct 2008 Politics, Economics & Investment Post-2008
15 Oct 2008 Women in Super After 5pm Function
15 Oct 2008 Income funds shine in KiwiSaver survey
14 Oct 2008 Retirement Policy and Research Centre breakfast briefing
14 Oct 2008 Playing with risk - A smart move?
14 Oct 2008 Fund managers left out of deposit scheme
13 Oct 2008 Tower adds another equity analyst
13 Oct 2008 Adding Kiwi ingenuity to the lending market
13 Oct 2008 Average house price falls in September: QV
13 Oct 2008 Main urban areas commentary: QV
13 Oct 2008 News Round Up
10 Oct 2008 Weekly Wrap: Keeping up with the changes
10 Oct 2008 NZ house sales rise from 26-year low; prices steady: REINZ
10 Oct 2008 Residential Highlights – September 2008
10 Oct 2008 Ex MM owner wins payout
10 Oct 2008 Oz v Kiwi Property investing
10 Oct 2008 Taking a long view on KiwiSaver changes
10 Oct 2008 INGIM gains interest rate strategist
09 Oct 2008 Recruiting young advisers
09 Oct 2008 Opinion: You are not on the right plan?
09 Oct 2008 New head strategist at AMP
09 Oct 2008 Newpark advisers to share in PIS takeover
09 Oct 2008 Nelson: Under the sun
08 Oct 2008 Dominion appoints administrator, cancells AGM
08 Oct 2008 Demand for greener living growing
08 Oct 2008 Tumultuous times continue for lenders
08 Oct 2008 AMP on the defensive
08 Oct 2008 Tumultuous times continue for lenders
08 Oct 2008 New president for surgical hospital association
08 Oct 2008 Deficit funding tough in ‘stale’ bond market
07 Oct 2008 Southland Building Society gains bank licence
07 Oct 2008 Market Review: London October 2008 Commentary
07 Oct 2008 Asteron, Tyndall NZ targets as Suncorp fields offers
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