Archive - 2014
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August 2014
15 Aug 2014 Sentiment falls to seven-year low
14 Aug 2014 New lending options coming
14 Aug 2014 KiwiSaver fees under the spotlight
14 Aug 2014 Advisers to do AML due diligence for fund managers
14 Aug 2014 Partners not concerned by loss
14 Aug 2014 Prices will keep rising: Alexander
13 Aug 2014 Another record profit for a bank
13 Aug 2014 Another record profit for a bank
13 Aug 2014 Bank KiwiSaver selling practices back on FMA radar
13 Aug 2014 'Good time to be commercial landlord'
12 Aug 2014 Westpac CEO resigns
12 Aug 2014 Strategic Finance investors about to get first payout
12 Aug 2014 BNZ follows suit: ASB changes OCR forecast
12 Aug 2014 Next OCR hike not till March: ASB
12 Aug 2014 Financial advisers not up to scratch yet: FMA
12 Aug 2014 Auckland, Canterbury driving prices: REINZ
11 Aug 2014 A finely balanced RBNZ decision
11 Aug 2014 Westpac cuts and lowers
11 Aug 2014 Tax campaign called 'self-serving'
11 Aug 2014 Migration impact appears limited
08 Aug 2014 [Weekly Wrap] A couple of bloopers this week
08 Aug 2014 The costs of being an AFA
08 Aug 2014 Westpac brings back trail commissions
08 Aug 2014 Property spending revealed
07 Aug 2014 Westpac brings back trail commissions
07 Aug 2014 van Eyk suspends fund redemptions
07 Aug 2014 It didn't take long
07 Aug 2014 Price rises ease: QV
06 Aug 2014 Lifetime expands
06 Aug 2014 World equity markets – bubble territory?
06 Aug 2014 Statement of investor rights
06 Aug 2014 Catch me if you can
06 Aug 2014 ANZ tackles portability problems
06 Aug 2014 Rates rises biggest rent driver
05 Aug 2014 [MRadio] Two-year the new hot rate
05 Aug 2014 The devil is in the detail
05 Aug 2014 BNZ joins in
05 Aug 2014 Size helps advisers
05 Aug 2014 Stats indicate sagging market: Economist
04 Aug 2014 New two-year special
04 Aug 2014 Month-on-month price drop
04 Aug 2014 Property investors easy target: APIA
01 Aug 2014 [Weekly Wrap] Why the financial advice world is great
01 Aug 2014 Financial advice firm gets diversified
01 Aug 2014 Realestate.co.nz hits out at Trade Me fee cut
01 Aug 2014 First-home buyers 'shouldn't hold out for dropping prices'
July 2014
31 Jul 2014 [Obituary] Peter Hensley
31 Jul 2014 Campaign to reduce savings tax
31 Jul 2014 First crowd funding licences issued
31 Jul 2014 Today it's the turn of the smaller banks and lenders
31 Jul 2014 Partners: No threat to advisers
31 Jul 2014 Concern at conservative fees
31 Jul 2014 Tenants not disadvantaged: APIA
30 Jul 2014 Direct service 'not a move away from IFAs'
30 Jul 2014 Plus4 adds adviser in Chch
30 Jul 2014 Kiwibank and AMP next movers
30 Jul 2014 Govt hails consent figures
30 Jul 2014 Trade Me offers monthly fee
29 Jul 2014 Westpac does a 35 basis point hike
29 Jul 2014 Van Eyk Advice eyes expansion
29 Jul 2014 Delay causes concern
28 Jul 2014 So little TPD, for tiny sums
28 Jul 2014 Fisher nets Marlin performance fee
28 Jul 2014 BNZ up; Westpac special
28 Jul 2014 Regulatory issues identified
28 Jul 2014 Banks call for low-deposit applications
25 Jul 2014 [Weekly Wrap] The consequences of giving bad financial advice
25 Jul 2014 Salt hires equity analyst
25 Jul 2014 Interest rates could fall during the OCR pause
25 Jul 2014 ANZ up first as usual; ASB second
25 Jul 2014 Stop selling product and start advising, FMA warns
25 Jul 2014 Bennett: Tell us about annoying red tape
24 Jul 2014 Entrepreneurs in our ranks
24 Jul 2014 What the Reserve Bank said about interest rates
24 Jul 2014 Cash rate rises; ANZ moves immediately
24 Jul 2014 Advisers should regulate themselves: Stubbs
23 Jul 2014 Advisers encouraged to take ethics courses
23 Jul 2014 Local factors driving yields: Report
23 Jul 2014 Market on tenterhooks: ANZ
22 Jul 2014 RBNZ speech
22 Jul 2014 Former adviser ordered to pay client $2.56mill
22 Jul 2014 Landlord to pay $5000 over tenant death
22 Jul 2014 Net immigration could hit 50,000: Report
21 Jul 2014 [MRadio] OCR preview and more on cash contributions
21 Jul 2014 Targets go; broker jailed
21 Jul 2014 Support for guarantee proposal
21 Jul 2014 Record price for Auckland lifestyle blocks
20 Jul 2014 [Weekly Wrap] Has the FMA over-stepped the mark?
18 Jul 2014 Rate hike on, but not a done deal
18 Jul 2014 Buddle sentenced
18 Jul 2014 HSBC dumps sales targets
18 Jul 2014 Hike coming, but what next?
18 Jul 2014 Newpark makes another senior appointment
18 Jul 2014 Return delay 'could be questioned'
18 Jul 2014 Better conditions for tenants could help housing 'crisis': Eaqub
17 Jul 2014 AML definition criticised
17 Jul 2014 New low rates from HSBC
17 Jul 2014 Auckland rents' slow rise
16 Jul 2014 New finance group emerges
16 Jul 2014 Real estate firm adds finance arm
Latest News
Koura reports another loss
Koura reports another loss
1 min read
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
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