Archive - 2021
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November 2021
08 Nov 2021 nib set to expand into life insurance
08 Nov 2021 The tide is turning on house prices
08 Nov 2021 [RESEND] What keeps you awake at night? No jab, no job - legal rights in the workplace
08 Nov 2021 Bridging the protection gap - insurers need to work harder
07 Nov 2021 [GRTV] Rob Everett on value for money, the great KiwiSaver land grab and fees
06 Nov 2021 Have yur say; SBS appoints new CEO
06 Nov 2021 SBS appoints new CEO
05 Nov 2021 Global central banks keep rates low
05 Nov 2021 [The Wrap] Changes in the wind
05 Nov 2021 JMI Wealth adds yet another adviser
05 Nov 2021 Have your say; Everett fires back at bank boss
05 Nov 2021 Everett fires back at Drylie
05 Nov 2021 Self-reporting viewed as best practice by the FMA
05 Nov 2021 AMP Life exits life insurance for good
05 Nov 2021 SBS Bank buys advisory firm
05 Nov 2021 How global supply chain disruptions have caught out central banks in 2021.
04 Nov 2021 Property stocks pull NZX 50 lower
04 Nov 2021 Investors in a race to zero
04 Nov 2021 TMM roadshow coming: Mark Your Diary today
04 Nov 2021 Two new executive appointments at Tower
04 Nov 2021 Westpac forecasting an even higher OCR
03 Nov 2021 Markets muted after ‘ridiculous’ employment data
03 Nov 2021 FSC launches financial wellbeing hub
03 Nov 2021 Britannia needs you - a solid opportunity for advisers
03 Nov 2021 RBNZ expands on DTI plans; Grab your seat at the TMM Roadshow; Nearly half ANZ's business comes from advisers
03 Nov 2021 Reserve Bank gives more details on DTIs
03 Nov 2021 Established Mike Pero franchise for sale in Christchurch
03 Nov 2021 Tower secures National Pacific Insurance
03 Nov 2021 More advisers needed
03 Nov 2021 Landlord evictions clarified under Covid restrictions
02 Nov 2021 New Zealanders have one very large egg in their wealth basket
02 Nov 2021 NZ shares lower as RBA scraps rate targets
02 Nov 2021 nib offers two months free cover online
02 Nov 2021 Covid puts pressure on premiums
02 Nov 2021 AML firm raises $30 mill
02 Nov 2021 Mint Asset Management eyes up the adviser market
02 Nov 2021 Advisers write nearly half of all ANZ's loans
01 Nov 2021 NZX 50 falls as Westpac's margin tanks
01 Nov 2021 10 regions hit record high sales prices
01 Nov 2021 Aurora shines in Deloitte Fast 50
01 Nov 2021 Southern Cross strengthens executive team
01 Nov 2021 Westpac profits; Have your say
01 Nov 2021 Westpac reports higher earnings
01 Nov 2021 New accounting standards = more costs for insurers
October 2021
30 Oct 2021 Milford adds to its intermediary team
30 Oct 2021 ANZ adds global infrastructure fund to OneAnswer
30 Oct 2021 [The Wrap] Reflections of Rob Everett's reign
30 Oct 2021 [GRTV] The difficulties of regulating financial advisers
29 Oct 2021 [GRTV] The difficulties of regulating financial advisers
29 Oct 2021 NZX 50 finishes month on a high
29 Oct 2021 Non-disclosure case highlights need for better records
29 Oct 2021 Funds' net-zero committment must be credible
29 Oct 2021 What do you think of BNZ's DTIs? News on TSB and ANZ
29 Oct 2021 BNZ first bank to introduce DTIs
29 Oct 2021 TSB looks to have avoided Kiwibank's rate promise problems
29 Oct 2021 Competency standards - to move forward, start at the finish
28 Oct 2021 Inflation pushes bond yields to new high
28 Oct 2021 ANZ profit up 44%
28 Oct 2021 AIA NZ offers more support to advisers
28 Oct 2021 Small business lending market heats up
28 Oct 2021 Verhaart ends five year stint at Kiwi Wealth
28 Oct 2021 House price growth on the downward slide
28 Oct 2021 Small business lending market heats up
28 Oct 2021 Death by a thousand regulations
28 Oct 2021 If done correctly replacement not a problem
28 Oct 2021 Mixed forecast for mortgage advisers
27 Oct 2021 NZX falls on A2's weak margins
27 Oct 2021 Salt adds to its research team
27 Oct 2021 Partners Life rebrands
27 Oct 2021 FSC backs target dates for FAP licencing
27 Oct 2021 The dangers of home loan holidays
27 Oct 2021 KiwiSaver in colour: why it shouldn’t be the new black
26 Oct 2021 Synlait shares slump on record milk price
26 Oct 2021 Advisers face tough environment due to Covid
26 Oct 2021 Embracing change - how regulation will improve financial advice
26 Oct 2021 What do retired bank CEOs do? Find out here
25 Oct 2021 Tribunal: Anti-social behaviour – tenancy terminated
22 Oct 2021 NZX50 limps into Labour weekend
22 Oct 2021 Climate change disclosure rules pass final hurdle
22 Oct 2021 Investor juggernaut slowly grinding down
22 Oct 2021 Wealthpoint adds experienced adviser in venture with Rothbury
22 Oct 2021 Milford expands investment team
22 Oct 2021 AMP Wealth management continues to bleed funds
22 Oct 2021 The long, hard road to good conduct
21 Oct 2021 Second class suit stops A2 in its tracks
21 Oct 2021 Business as usual after Cigna sell-off
21 Oct 2021 ASB predicting even higher inflation
21 Oct 2021 Rival ups its Auckland expansion
21 Oct 2021 FMA sets cut off date for FAP licencing
20 Oct 2021 Frothy A2 Milk extends gain as investors find faith in daigou
20 Oct 2021 Compelling new investment option
20 Oct 2021 Cigna ups offers to advisers - enhances products
20 Oct 2021 Today's FAP focus; ANZ changes its mind
20 Oct 2021 Enforcement framework feedback opens
20 Oct 2021 ANZ changes its call on OCR hikes
20 Oct 2021 The lives we could save
20 Oct 2021 FOMO haunts property buyers
20 Oct 2021 100th full FAP licence issued
19 Oct 2021 Investor nerves steadied at Fletcher, Ebos AGMs
19 Oct 2021 New rules: 3 houses of 3 storeys – no resource consent
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