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Philip Macalister
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FMA
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Clear Filter
September 2008
11 Sep 2008
National to look after investors
10 Sep 2008
NZ house sales sink to 26-year low
10 Sep 2008
REINZ residential highlights - August 2008
10 Sep 2008
IFA Roadshow
10 Sep 2008
Insurance & Savings Ombudsman Conference 2008
10 Sep 2008
NZ property investors undeterred, seek new houses
10 Sep 2008
North South not facing receivership
10 Sep 2008
ASFONZ / Women in Super Breakfast
10 Sep 2008
KiwiSaver law changes expensive for employers
10 Sep 2008
Dominion Finance down
10 Sep 2008
Group market owes it to KiwiSaver
10 Sep 2008
Lombard payout cut - again
09 Sep 2008
IFA Roadshow
09 Sep 2008
Market Review: September 2008 London Commentary
09 Sep 2008
Market Review: September 2008 Commentary
09 Sep 2008
New charges laid against Bridgecorp directors
09 Sep 2008
ASFONZ appoints new chair
09 Sep 2008
Adviser legislation enters final stretch
09 Sep 2008
34,000 bonds unclaimed
08 Sep 2008
ASB appoints new MD
08 Sep 2008
NZMBA Regional Days
08 Sep 2008
Bollard expected to cut rates on Thursday
08 Sep 2008
QV residential highlights
08 Sep 2008
News Round Up
08 Sep 2008
Sellers drop house prices for buyers
05 Sep 2008
Heat rising in housing policy
05 Sep 2008
ING Roadshow 2008
05 Sep 2008
Weekly Wrap: King takes King, but game still on
05 Sep 2008
Real Estate Agents Bill passed
05 Sep 2008
King takes King as IRG seeks mates
05 Sep 2008
Can trustees really police fin coys?
05 Sep 2008
Tower enhances Key Person cover
05 Sep 2008
AIG Life's Young moves on
04 Sep 2008
ING Roadshow 2008
04 Sep 2008
King says Dorchester investment “a disaster”
04 Sep 2008
Surge in central city rental levels
04 Sep 2008
Finance companies must get credit ratings
03 Sep 2008
Auckland house sales fell in August
03 Sep 2008
KNOCKOUT Series 1 Roadshow
03 Sep 2008
OCR cut will provide new focus
03 Sep 2008
ING Roadshow 2008
03 Sep 2008
Changes to KiwiSaver introduced
03 Sep 2008
GS JB Were adds a manager
02 Sep 2008
KNOCKOUT Series 1 Roadshow
02 Sep 2008
Property Development & Investment 2008
02 Sep 2008
Strategic deal done
02 Sep 2008
New chief at Pero
02 Sep 2008
New chief at Pero
01 Sep 2008
The National Partnership buys back-office
01 Sep 2008
ASSET: FAB finale - Last moves for advisers
01 Sep 2008
Strategic managers agree terms of $90m buyout
01 Sep 2008
Dominion Finance bad debt provision exceeds $80m
01 Sep 2008
News Round Up
01 Sep 2008
ANZ, BNZ lift profits but lose mortgage market share
01 Sep 2008
September issue – available now
01 Sep 2008
Manawatu: Rural riches
August 2008
29 Aug 2008
Weekly Wrap: ASIC imports for adviser regulation
29 Aug 2008
Dorchester’s deferred payment plan goes to trustees
29 Aug 2008
What drives the property market?
29 Aug 2008
Women in Super industry breakfast
29 Aug 2008
Southern Cross three managers up
29 Aug 2008
Call for clarity over grounds for eviction
29 Aug 2008
Advisers get guarded thumbs up on disclosure
29 Aug 2008
Changing of the guard
29 Aug 2008
Dorchester to take charge on St Laurence stake
29 Aug 2008
All predictions tracking downward
28 Aug 2008
KNOCKOUT Series 1 Roadshow
28 Aug 2008
ASFONZ 2008 National Conference & Super Expo
28 Aug 2008
$1b insulation fund launched
28 Aug 2008
‘No slow down’ on adviser rules: Dalziel
27 Aug 2008
Kiwibank lifts profits and mortgage market share
27 Aug 2008
Canterbury economy on top
27 Aug 2008
KNOCKOUT Series 1 Roadshow
27 Aug 2008
Steaming ahead head act
27 Aug 2008
MARAC Finance reinvestment rate rises
27 Aug 2008
Web solution for KiwiSaver advice conundrum
27 Aug 2008
TSB's profit up, loan book down
26 Aug 2008
KNOCKOUT Series 1 Roadshow
26 Aug 2008
MARAC Finance reinvestment rate rises
26 Aug 2008
Inaugural Banking and Financial Services Law
26 Aug 2008
Fishers hook bigger stake in business
25 Aug 2008
South Canterbury profit falls 9.5% but still standing strong
25 Aug 2008
KNOCKOUT Series 1 Roadshow
25 Aug 2008
International Tax & Transfer Pricing Summit
25 Aug 2008
New Tower BDM
25 Aug 2008
News Round Up
25 Aug 2008
What regulation means for brokers
22 Aug 2008
Battle of boffins and buyers
22 Aug 2008
In force premiums up nearly 10%
22 Aug 2008
Take part in our survey for property investors
22 Aug 2008
Geneva to review loan book
22 Aug 2008
Tower Health adds new boss for intermediaries
22 Aug 2008
PIS aims to be number one in a year
21 Aug 2008
New Zealand Finance Sector Forum
21 Aug 2008
Prepare for action
21 Aug 2008
National supports adviser bill: Dalziel
20 Aug 2008
AXA appoints new GM
20 Aug 2008
Wow. A minister with passion!
20 Aug 2008
Slow but steady improvement
20 Aug 2008
Tweaking of mortgage rates continues
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Latest News
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
2 min read
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
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