Archive - 2016
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November 2016
10 Nov 2016 Powerhouse regions continue to rise
10 Nov 2016 US election casts shadow over OCR response
10 Nov 2016 OCR cut no surprise
10 Nov 2016 Good news for Liberty
10 Nov 2016 RBNZ cuts rates - here's what they said
10 Nov 2016 What the Reserve Bank said today
10 Nov 2016 Advisers set for 'damage control'
09 Nov 2016 Meth threat still no.1 fear for landlords
09 Nov 2016 Sovereign appoints new distribution boss
09 Nov 2016 20 year low in buyer sentiment
09 Nov 2016 Record low in buyer sentiment
09 Nov 2016 Bean: Stop advisers going extinct
09 Nov 2016 Robo not just for investment
09 Nov 2016 Hedge funds may have a place in retail portfolios
08 Nov 2016 Unrealistic price expectations prompt warning
08 Nov 2016 FMA offers KiwiSaver advice guidance
08 Nov 2016 Quality over quantity for Westpac
08 Nov 2016 FMA: You shoudn't need a 'how to' client-first guide
08 Nov 2016 The attractions of energy efficiency
07 Nov 2016 ASB issues notes
07 Nov 2016 Westpac says policy changes focused on quality lending
07 Nov 2016 Historic low for OCR expected
07 Nov 2016 AFAs dodge levy increase
07 Nov 2016 Top 30 suburbs under $300k
06 Nov 2016 nib adds board member
04 Nov 2016 ASB raises fixed rates
04 Nov 2016 The lure of the regions
04 Nov 2016 Coaching key part of holding on to clients
04 Nov 2016 OCR to hit lowest point this week
04 Nov 2016 Influx of new rentals only just keeping up with demand: B&T
03 Nov 2016 ANZ boss warns of inexperienced investors
03 Nov 2016 Things we should stop doing
03 Nov 2016 Super City sales plummet
03 Nov 2016 Inflation pressure off - slightly
03 Nov 2016 Alpha may become more dominant in low-return environment
03 Nov 2016 Call for one AML supervisor
03 Nov 2016 FSC members want to see advisers' value highlighted
02 Nov 2016 Inflation pressure off - slightly
02 Nov 2016 New urban development policy ready to go
02 Nov 2016 Pace of growth slows as LVRs impact - QV
02 Nov 2016 Advice may be missing as schemes wound up
02 Nov 2016 Green light for post-FMCA ROPS, but demand down
01 Nov 2016 RESIMAC gets it's first white-label boost
01 Nov 2016 Pace of growth slows as LVRs impact - QV
01 Nov 2016 Lustre coming off Auckland property
01 Nov 2016 Market cooling might last - ANZ
01 Nov 2016 Investor activity down
01 Nov 2016 Clients complain about churn
01 Nov 2016 Pension changes could hit migrants hard
October 2016
31 Oct 2016 Kiwibank sale confirmed
31 Oct 2016 Decline in consents worrying for Auckland
31 Oct 2016 Lower costs, better processes: Future bright for advisers
31 Oct 2016 New Plymouth: On the map
31 Oct 2016 Carmel Fisher to step down
31 Oct 2016 Mortgage adviser market pays off for BNZ
31 Oct 2016 Investor activity down - myvalocity
31 Oct 2016 Roboadvice could divert clients: Naylor
31 Oct 2016 Adapt or die, insurers told
28 Oct 2016 Big fine for PGC
28 Oct 2016 Releasing claims data not straightforward: Insurers
28 Oct 2016 Brokers write 40% of BNZ loans
28 Oct 2016 Meth assumptions shaken by new report
28 Oct 2016 The lowest rate on the market goes
28 Oct 2016 Undesirables to be removed from Vanguard fund
28 Oct 2016 Advisers tackle client-first question
27 Oct 2016 Fall in investor lending continues
27 Oct 2016 Mortgage fraud absconder pleads guilty
27 Oct 2016 Joining the dots to solve Auckland’s problems
27 Oct 2016 Green light for Crown land developments
27 Oct 2016 Southern Cross changes retirees' premiums
26 Oct 2016 FundSource hands top gong to Fisher Funds
26 Oct 2016 All go for Crown Land developments
26 Oct 2016 KiwiSaver bounces back
26 Oct 2016 Maxwell calls for super changes
26 Oct 2016 Investors over-optimistic on price growth - ANZ
26 Oct 2016 The last of the OCR cuts - ANZ
26 Oct 2016 Next OCR cut to be the last - ANZ
26 Oct 2016 Don't dismiss KiwiSaver, advisers told
25 Oct 2016 Dowling takes on key FPSB role
25 Oct 2016 UDC downgraded and flagged as possibly for sale
25 Oct 2016 Prospect of DTIs looms larger
25 Oct 2016 OCR projections replace 90-day bank bill rate
25 Oct 2016 Migration spurs housing demand
25 Oct 2016 Financial Advice NZ consultation begins
25 Oct 2016 How to find a commercial property
22 Oct 2016 Tenancy Services takes on enforcer role
21 Oct 2016 Migrant flow hits new highs – for now
21 Oct 2016 Rent flatline continues
21 Oct 2016 Westpac stops some lending; ANZ loosens up
21 Oct 2016 FSC wants to work with advisers
21 Oct 2016 Littlewood itching to get started on robo launch
20 Oct 2016 Forex Ponzi accused in court
20 Oct 2016 Lending times they are a’ changing
20 Oct 2016 Private sales part of HNZ build programme
20 Oct 2016 Klipin takes helm of FSC
20 Oct 2016 Market in cruise mode
20 Oct 2016 KiwiSaver advice sparks complaints
20 Oct 2016 KiwiSaver risk reward just 2.1%
19 Oct 2016 Z issues bonds
19 Oct 2016 Westpac tightens; ANZ loosens lending criteria
Latest News
[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
Banks lose KiwiSaver share
Banks lose KiwiSaver share
2 min read
Latest Comments
FE Investments in receivership
Fei , trustees still hold large of money not yet refund fully.
6 days 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?
2 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.
2 weeks ago P Urbani