Archive - 2015
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October 2015
20 Oct 2015 GFS gets lending award
19 Oct 2015 Most Ombudsman cases go in banks' favour
19 Oct 2015 The Auckland Market has turned
19 Oct 2015 Warminger date set
19 Oct 2015 TSB joins the leaders
19 Oct 2015 Disclosure a tool, FMA says
19 Oct 2015 RAM fight heats up
18 Oct 2015 IOOF class action
17 Oct 2015 Controversy over rental WOF - again
16 Oct 2015 FMA makes changes to exec team
16 Oct 2015 Investors plan legal action
16 Oct 2015 TPP welcome for financial services
16 Oct 2015 Launch date set for Squirrel Money
16 Oct 2015 Investors confident, planning growth
15 Oct 2015 Auckland juggernaut powers on
15 Oct 2015 Westpac introduces one-year special
15 Oct 2015 ANZ exits health insurance market
15 Oct 2015 Where to for advisers, report asks
15 Oct 2015 Lines drawn in commissions debate
15 Oct 2015 Berry appointed Punakaiki director
15 Oct 2015 Record listings hit Hamilton market
14 Oct 2015 KiwiSaver too passive
14 Oct 2015 More OCR cuts likely – despite housing concerns
14 Oct 2015 It's The Co-operative Bank's turn
14 Oct 2015 Industry not happy with RFAs
14 Oct 2015 Russell sale positive for NZ, managing director says
14 Oct 2015 Making great house calls
13 Oct 2015 AMP hires property manager
13 Oct 2015 Advice firm awarded
13 Oct 2015 Perpetual provides NZDF wills
13 Oct 2015 MJW suggests end to overrides
13 Oct 2015 ANZ comes into line
13 Oct 2015 Advisers question value of multiple memberships
13 Oct 2015 The rise of Waikato & Bay of Plenty
12 Oct 2015 “Halo” effect drives prices to record highs
12 Oct 2015 Understanding excesses
12 Oct 2015 NZ’s 4th P2P lender to target SMEs
12 Oct 2015 Good old HSBC
12 Oct 2015 Hundreds offer FAA review input
09 Oct 2015 $500k health claims unlikely for now
09 Oct 2015 Releasing the Handbrake
09 Oct 2015 FADC investigations near completion
08 Oct 2015 Choice crucial to solving Auckland housing woes
08 Oct 2015 Reliance on CVs ill-advised
08 Oct 2015 Morningstar makes research appointment
08 Oct 2015 NZ Super Fund lauds active management strategies
07 Oct 2015 FSCL takes issue with ISO name
07 Oct 2015 Landlords going green
06 Oct 2015 Auckland price rebound may be temporary
06 Oct 2015 FMA keen on KiwiSaver engagement
06 Oct 2015 Milestone gets military contract
05 Oct 2015 BNZ takes the lead
05 Oct 2015 Online prep for new advice clients
05 Oct 2015 Rest of industry gets taste of what advisers have been through
05 Oct 2015 Govt seeks Crown land developers
04 Oct 2015 AMP gets DIMS licence
02 Oct 2015 Nikko's new house view on global equities moves to neutral
02 Oct 2015 AML due diligence puts clients off
01 Oct 2015 Houses for sale drop to new low
01 Oct 2015 D-day for new tax rules
01 Oct 2015 Values up but market changing
01 Oct 2015 Supply side problems must be addressed - Council
01 Oct 2015 Kerr and Barnes battle it out over sale of Perpetual Trust
01 Oct 2015 AIA makes major play in health insurance market
01 Oct 2015 More Heat than Light: Discussions about currency hedging
01 Oct 2015 Investors told: Don't let softer dollar put you off
01 Oct 2015 Retirees say pension not enough
September 2015
30 Sep 2015 Unnecessary regulation for developers
30 Sep 2015 Robinson admits more crimes
30 Sep 2015 Is a housing market crash inevitable?
30 Sep 2015 Roboadvice may be too expensive to pay off
30 Sep 2015 PocketRent seeks investors
30 Sep 2015 Building consent trend still rising
30 Sep 2015 NZ on top of RWC house price rankings
30 Sep 2015 Bach tax stoush continues
29 Sep 2015 Problem of million non-contributing KiwiSaver members
29 Sep 2015 Synergy appoints former Sovereign man
29 Sep 2015 Home affordability improves
29 Sep 2015 Advice processes prompt complaints
28 Sep 2015 Evolving CBD makes for investor opportunities
28 Sep 2015 Govt asks for social housing ideas
28 Sep 2015 Generate ticks over $100 million
28 Sep 2015 Global factors make for low rates
28 Sep 2015 SBS turn to cut rates
28 Sep 2015 Life is good for retirees, report shows
28 Sep 2015 QROPS rules put stop to mergers
28 Sep 2015 Performance fee structures shortchanging investors
26 Sep 2015 Smee pulls brokers from Kepa
25 Sep 2015 Fourth OPI director pleads guilty
25 Sep 2015 ANZ's unsolicited loan offer to client surprises adviser
25 Sep 2015 RESIMAC adds processing fee to loan applications
25 Sep 2015 Big boost for Harmoney
25 Sep 2015 Gareth Morgan joins up with Ralph Stewart
25 Sep 2015 Limited low-deposit lending to investors
25 Sep 2015 KiwiSaver members want DIY approach
25 Sep 2015 Regions get turnover boost
24 Sep 2015 ISO fields five adviser complaints
24 Sep 2015 Pinnacle Life adds new board member
24 Sep 2015 Interest rate rise could surprise, economist warns
24 Sep 2015 Best way to solve FAA? Bin it and start afresh
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