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Philip Macalister
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Clear Filter
October 2001
19 Oct 2001
Morningstar questions Russell
19 Oct 2001
Women saving less than men
19 Oct 2001
What AMP's latest survey reveals
19 Oct 2001
AXA still not spent
18 Oct 2001
Working in New Zealand Seminar
17 Oct 2001
Disability news gets worse
17 Oct 2001
Spicers sold
17 Oct 2001
To be a guardian of the super fund see these people
17 Oct 2001
Women in Super
17 Oct 2001
New boss at Colonial First State
17 Oct 2001
Intl shares in favour: AMP Henderson
16 Oct 2001
Brownlee - the comparison
16 Oct 2001
Working in New Zealand Seminar
16 Oct 2001
Trading partner slump increases rate cut expectations
16 Oct 2001
What's best for the recovery - shares or hedge funds?
16 Oct 2001
To wrap or not to wrap?
16 Oct 2001
Mark Wooster joins sovereign
16 Oct 2001
Govt Actuary finally packs his bag
16 Oct 2001
Top mortgage broker supports regulation
16 Oct 2001
Gearing shares for good returns
15 Oct 2001
How much performance is in the stars?
15 Oct 2001
BankDirect appoints new marketing manager
14 Oct 2001
News Round Up
13 Oct 2001
English sheds super role
12 Oct 2001
Peter Jensen appointed chairman of Farmers Mutual Group
12 Oct 2001
Morningstar plumps for growth
11 Oct 2001
Mortgage borrowing rises $357 million in August
11 Oct 2001
New leader English gives his view on super
11 Oct 2001
Crown to appeal Moses and Stevens case
10 Oct 2001
RSA's solvency OK
10 Oct 2001
Super fund now a reality
10 Oct 2001
AMP ropes in Australian
10 Oct 2001
The sticky problem of family trusts
10 Oct 2001
Ethical investing: Watch out for the coming wave
10 Oct 2001
Managers need to get away from benchmarks
09 Oct 2001
Hedge Plus aims for 18% each year
09 Oct 2001
Hedge Plus on show
09 Oct 2001
PlanTech Consulting Group
09 Oct 2001
Save and Invest Group
09 Oct 2001
Spicers warms up the market
09 Oct 2001
Walker gets Brown
08 Oct 2001
Wrap mortgages attracting official attention
08 Oct 2001
Nothing like a challenge for new entrant
07 Oct 2001
News Round Up
06 Oct 2001
Don't expect a quick recovery
05 Oct 2001
People: Tim Sole takes on a new puzzle
05 Oct 2001
Harts boss charged with fraud
04 Oct 2001
Changes to AMP's NZ equity team
04 Oct 2001
Hellaby's stake in Club Life to shrink
04 Oct 2001
Managers go shopping for distribution
03 Oct 2001
Lodge sets up own shop
03 Oct 2001
Economists differ on which way the OCR will go
03 Oct 2001
OCR left at 5.25%
03 Oct 2001
Harts in hands of liquidator
02 Oct 2001
GIO's credit rating goes up
02 Oct 2001
BT's new BDM
02 Oct 2001
Corporate collapses dent overall credit quality
02 Oct 2001
We're winners
01 Oct 2001
OCR cut unlikely this week
01 Oct 2001
News Round Up
September 2001
28 Sep 2001
Let's decide what we want
28 Sep 2001
AMP gets two new analysts
28 Sep 2001
The king has triumphed
28 Sep 2001
ORC gets sorted
27 Sep 2001
AXA loses director
27 Sep 2001
Housing looking strong
27 Sep 2001
Confusion over Harts sale
26 Sep 2001
More health premium rises
26 Sep 2001
Women in Super
26 Sep 2001
Firm upsets ombudsman
25 Sep 2001
Hedge funds positive after attacks
25 Sep 2001
Do You Want to be a Financial Adviser?
25 Sep 2001
AMP loses another NZ equity manager
24 Sep 2001
News Round Up
24 Sep 2001
New boss at AMP in NZ
23 Sep 2001
Rebel conveyancer strikes mortgage discharge problems
21 Sep 2001
Key Law shut because ANZ Bank lost legal trust accounts
21 Sep 2001
AMP does a deal with RSA
20 Sep 2001
Harts posts major loss
19 Sep 2001
Green Strategies to Secure Superannuation
19 Sep 2001
AMP plays catch up
19 Sep 2001
Reserve Bank drops OCR - update
18 Sep 2001
Managers cop flak for closing funds
18 Sep 2001
House prices, sales up in August; institute cautious
18 Sep 2001
New staff member for Cairns Lockie
18 Sep 2001
Aussie savings scheme not so super
18 Sep 2001
Waltus objectors bury hatchet
17 Sep 2001
WTC claims will be big, but not crippling
17 Sep 2001
Potter leaves Morningstar
17 Sep 2001
Cool calm answers to hard questions
16 Sep 2001
Waltus merger objectors lose again but win costs
16 Sep 2001
Mortgage broker of the year named
15 Sep 2001
Demystifying Hedge Funds
14 Sep 2001
Ex AMP man to manage money forTower
14 Sep 2001
US terrorist attacks will mean lower mortgage rates
13 Sep 2001
US terrorist attacks will mean lower mortgage rates
13 Sep 2001
The US crisis day 2
13 Sep 2001
Success Forum 2001
13 Sep 2001
Advisers told to go on the attack
13 Sep 2001
A fund manager's view on the bombings
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Latest News
Flood tide for Harbour
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Koura reports another loss
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Can AI pick the best KiwiSaver provider?
4 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.
2 weeks 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.
3 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