Archive - 2016
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October 2016
19 Oct 2016 Super Fund's new climate strategy
19 Oct 2016 OCR to be cut despite inflation
19 Oct 2016 Wait continues for FAA detail
19 Oct 2016 October launch for FundSource reports
18 Oct 2016 Inflation result won’t stop OCR cut
18 Oct 2016 Market settles into cruise mode
18 Oct 2016 Royle joins Mortgage Link
18 Oct 2016 As expected Kiwibank moves
18 Oct 2016 TPD a higher hurdle to pass
18 Oct 2016 Trump win could mean more work for advisers
18 Oct 2016 Big providers prime targets for automated advice
18 Oct 2016 Advisers welcome prospect of robo
18 Oct 2016 Young investor’s secret to success
17 Oct 2016 Leaky building class action court-bound
17 Oct 2016 Jennings joins BAA board
17 Oct 2016 Tereora in charge at Fidelity Life
17 Oct 2016 Watch housing market update
17 Oct 2016 Client interests first (or business interests first?)
14 Oct 2016 General Finance raises rates
14 Oct 2016 Meth is landlords' big worry
14 Oct 2016 The state of the housing market
14 Oct 2016 ASB's big mortgage writer acknowledged
14 Oct 2016 Mortgage Link considers licenced entity model
14 Oct 2016 Small win for landlords
14 Oct 2016 Fidelity Life boosts profit
14 Oct 2016 Crunch on advisers' time
13 Oct 2016 Advised sales get more claims paid
13 Oct 2016 Apartment failures mean investing care needed
13 Oct 2016 Affordability levels causing buyer strain
13 Oct 2016 Data, not intent, key to expert analysis
13 Oct 2016 LVRs starting to bite - REINZ
13 Oct 2016 Cooper retires from Planet
13 Oct 2016 LVRs starting to bite - REINZ
12 Oct 2016 NZ property data tools on the rise
12 Oct 2016 RBNZ signals more cuts on way
12 Oct 2016 Market manipulation unreasonable conclusion - expert
12 Oct 2016 Lower OCR around corner
12 Oct 2016 Obituary: Daryl McAlinden
12 Oct 2016 Banks tackle KiwiSaver advice question
11 Oct 2016 NZ must be nimble on p2p: Seymour
11 Oct 2016 Sovereign tweaks top team
11 Oct 2016 Tough times for Kiwi investors
11 Oct 2016 Deal increases Lifetime's reach
11 Oct 2016 Warminger mounts defence
11 Oct 2016 Tough lending times for investors
10 Oct 2016 Goff told: Help, not hinder development
10 Oct 2016 Govt ramps up building programme
10 Oct 2016 Govt to build more houses in Akld?
10 Oct 2016 Industry adjusted to culture shock: FMA
10 Oct 2016 Insurers tackle obesity problem
10 Oct 2016 KiwiSaver furore gave advice boost
10 Oct 2016 Navigating the new LVRs
07 Oct 2016 KiwiSaver members almost triple their money
07 Oct 2016 ASB raises most of its Specials
07 Oct 2016 Assumptions, not evidence – Warminger defence
07 Oct 2016 New Zealand could take roboadvice lead
06 Oct 2016 40pc may not be the end of the rules
06 Oct 2016 Morningstar 'neutral' on Fisher
06 Oct 2016 MPs urged to heed calls of landlords
06 Oct 2016 Acceptable trading behaviour questioned
06 Oct 2016 Nib increases Ultimate Health product price
06 Oct 2016 Legislation change prompts big decisions
06 Oct 2016 Auckland rent yields drop
05 Oct 2016 MBIE releases proposed KiwiSaver changes
05 Oct 2016 Providers bemoan KiwiSaver guidance
05 Oct 2016 Tenant liability intervention sought
05 Oct 2016 Fixed rates start rising - slowly
05 Oct 2016 Advisers need advertising campaign
05 Oct 2016 Pension transfers may get cheaper
05 Oct 2016 Auckland market 'totally different'
04 Oct 2016 ACC lauds investment team
04 Oct 2016 Shifting investor activity
04 Oct 2016 Investors face cancellation of pre-approvals
04 Oct 2016 The danger of FOMO
04 Oct 2016 New Zealand 'has conflict problem'
03 Oct 2016 New LVR rules kick in
03 Oct 2016 BNZ hikes Special rate
03 Oct 2016 AA enters health insurance market with nib
03 Oct 2016 Client best interests: Part Two
03 Oct 2016 New LVR rules kick in
03 Oct 2016 Opportunities in Christchurch North
01 Oct 2016 No spring lift for property market: Realestate.co.nz
September 2016
30 Sep 2016 Home loan growth picks up pace
30 Sep 2016 ANZ fee reduction praised
30 Sep 2016 Building consents flat line
30 Sep 2016 Harmoney launches automated service
30 Sep 2016 How come people buy houses when they are so expensive?
30 Sep 2016 The “Affordability” of Unaffordable Homes
30 Sep 2016 Another banker joins FMA board
30 Sep 2016 FPH trading under trial spotlight
30 Sep 2016 KiwiSaver providers consider private investments
29 Sep 2016 Hansa potentially another Ponzi
29 Sep 2016 One and two year fixed rates preferred
29 Sep 2016 OnePath downgraded
29 Sep 2016 Partners reinstates up-front commission on health insurance
29 Sep 2016 Zoning appeal to impact on development
29 Sep 2016 Getting clarity on market manipulation
29 Sep 2016 SHARE adds advisers
29 Sep 2016 Booster KiwiSaver passable, Morningstar says
29 Sep 2016 Investors carry loans for longer
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