Archive - 2021
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October 2021
19 Oct 2021 Mortgage adviser made to pay $3,000
19 Oct 2021 Mortgage adviser pays more than $3,000 to end complaint
19 Oct 2021 Mann on a mission to diversify financial advice
18 Oct 2021 Kiwi flies on stonking inflation
18 Oct 2021 Investment avoidance not good enough says Pathfinder
18 Oct 2021 Red hot inflation = Higher mortgage rates; New franchise launched
18 Oct 2021 Inflation genie out of the bottle
18 Oct 2021 REINZ want healthy homes deadline extended
18 Oct 2021 The fastest rate of inflation in a decade
18 Oct 2021 Asteron launches promo to support local business
18 Oct 2021 Returning Kiwi takes up CFO role at Tower
18 Oct 2021 New Southern Cross CLT hospital finished by Christmas
18 Oct 2021 nib offers free mental health cover
18 Oct 2021 Simplicity cement long term relationship with MMC
18 Oct 2021 Nest Home Loans moves to franchising model
18 Oct 2021 Are significant rent rises on the way?
16 Oct 2021 An investment fund where someone other than the investor gets the returns
16 Oct 2021 Heater standard for rentals shows ‘serious deficiencies’
15 Oct 2021 Passive funds sell millions of Contact and Meridian shares
15 Oct 2021 FSCL sees spike in overall complaints
15 Oct 2021 Reflation, renewables and the road ahead: three predictions for global listed infrastructure 
15 Oct 2021 Holiday relief for advisers
15 Oct 2021 Delta fails to dampen equity markets
15 Oct 2021 Mortgage advisers in line for holiday relief
15 Oct 2021 Blanket wraps up domestic insurance for IFAs
14 Oct 2021 a2 climbs as short sellers scared off
14 Oct 2021 No new Govt moves on housing market
14 Oct 2021 Confidence remains high in property market
14 Oct 2021 FMA keeps watch on advertising rulebreakers
14 Oct 2021 REINZ: House prices nationwide continue cooling
14 Oct 2021 Financial Advice NZ conference moves online
13 Oct 2021 a2 shares spike as daigou returns
13 Oct 2021 Kernel Wealth plants seeds for the future with new ESG funds
13 Oct 2021 Fidelity Life forms new solutions and services team
13 Oct 2021 Investing in Wellywood
13 Oct 2021 AIA's 5590 report; reduce risks - live longer
12 Oct 2021 5th day of falls on the sharemarket
12 Oct 2021 No new moves on housing market: Minister
12 Oct 2021 Fidelity aims to take number two spot
12 Oct 2021 Almost 600 advisers take wellbeing survey
12 Oct 2021 Property vulnerability revealed in new CoreLogic data
12 Oct 2021 CCCFA and adviser regs problem areas for banks; We need your feedback
12 Oct 2021 CCCFA and financial adviser reforms not well implemented; Bankers Association
12 Oct 2021 Pepper spices up its birthday
12 Oct 2021 Partners brings in actuarial expert
12 Oct 2021 TAP offers OATs to independent advisers
12 Oct 2021 RBNZ restructures
11 Oct 2021 Z Energy jumps but index suffers from ‘endemic covid’
11 Oct 2021 Higher fee KiwiSaver managers delivering superior returns
11 Oct 2021 Important Information
11 Oct 2021 Rising prices show no sign of stopping
11 Oct 2021 RBNZ changes leadership team structure
11 Oct 2021 The Co-operative Bank appoints a new CEO
11 Oct 2021 House prices rise again
11 Oct 2021 NZ Super invests in offshore energy infrastructure
11 Oct 2021 Tribunal: Baches and the RTA
11 Oct 2021 Pathfinder unpacks its Easy Crypto investment
09 Oct 2021 [The Wrap] It's time to consider the impact of regulatory change
08 Oct 2021 First adviser-led KiwiSaver scheme
08 Oct 2021 NZ shares slip as investors sell yield stocks
08 Oct 2021 Kernel's seed swelling
08 Oct 2021 Cigna business sold
08 Oct 2021 Rob Everett's new role revealed
08 Oct 2021 Commercial: Proposed legislation shoots tenants in foot
08 Oct 2021 Auckland market crushed but not shut down
08 Oct 2021 More changes to floating rates
08 Oct 2021 FundSource gets new owner
08 Oct 2021 New Deputy Governor at RBNZ
08 Oct 2021 Last days for adviser wellbeing survey feedback
07 Oct 2021 Devon creates head of retail role
07 Oct 2021 Dairy stocks lead NZX 50 lower
07 Oct 2021 Du Val Group advertising 'likely to mislead or deceive investors'
07 Oct 2021 Average asking price rising
07 Oct 2021 Mortgage interest rates: Big step up predicted
07 Oct 2021 $5000 scholarship looks to attract new CFPs
06 Oct 2021 Shares and dollar fall as RBNZ pulls the trigger
06 Oct 2021 Top deck reshuffle at RBNZ
06 Oct 2021 Mixed reactions to OCR increase
06 Oct 2021 Easy Crypto nets $17 million in first capital raise
06 Oct 2021 REACTION: OCR up; What people are saying; ANZ quick to hike
06 Oct 2021 What the RBNZ said about increasing the OCR
06 Oct 2021 Tower enlists AI partner to bust claims fraud
06 Oct 2021 Bankers Association agrees rules can be difficult
06 Oct 2021 Areas that are cheaper to buy than rent dwindling
06 Oct 2021 Partners Life lifts the cost of level life cover
06 Oct 2021 Bankers Association agrees rules can be difficult
06 Oct 2021 Fisher Funds buys Aon’s Kiwisaver scheme
05 Oct 2021 NZ shares fall in tech sell-off
05 Oct 2021 Consilium appoints Chief Operating Officer
05 Oct 2021 RBNZ holds back Solvency Standards
05 Oct 2021 New tax rules: What investors need to know
05 Oct 2021 Departing bank CEO fires a warning; Survey reminder
05 Oct 2021 Retiring bank chief slams state regulation
04 Oct 2021 Fidelity Life brings in three new partnership managers
04 Oct 2021 Changes to tenancy terminations
04 Oct 2021 House price rises waning amid tighter lending coming
04 Oct 2021 RBNZ likely to lift base interest rate on Wednesday
04 Oct 2021 FNZ feathers its nest buying Hatch from Kiwi Wealth
02 Oct 2021 IIS brings high risk Bitcoin fund to market
02 Oct 2021 Fund rollout season continues
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
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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