Archive - 2017
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September 2017
06 Sep 2017 $5.4m Ponzi admitted
06 Sep 2017 Ex BNZ worker admits mortgage fraud
06 Sep 2017 Caution leads to fall in listings
06 Sep 2017 Warning for would-be providers
06 Sep 2017 Sovereign launches ACC add-on
05 Sep 2017 Public Trust axes term deposits
05 Sep 2017 Cameron Marcroft talks about becoming a top adviser
05 Sep 2017 Subdued signs of life
05 Sep 2017 Goals-based investing: a different way of thinking
05 Sep 2017 Advice key part of KiwiSaver success: ANZ
04 Sep 2017 RMA by-pass to encourage development
04 Sep 2017 Tribunal refund decision anti-landlord
04 Sep 2017 MPM takes former franchisee to court
04 Sep 2017 New norm for two-year Specials
04 Sep 2017 Labour plans could force out landlords
04 Sep 2017 Meth cover demystified
03 Sep 2017 Big cake for small market share
03 Sep 2017 Asteron starts review after fraud
03 Sep 2017 Consilium offers philanthropic solution
01 Sep 2017 Court win in Auckland leaky home suit
01 Sep 2017 Resignation at Heathcote
01 Sep 2017 Kiwibank's IT work-in-progress proves costly
01 Sep 2017 Getting to Know: Dean Anderson
01 Sep 2017 ASB narrows gap between carded and Special rates
01 Sep 2017 Values fall as investors leave market
01 Sep 2017 Trustee company turns to private equity
01 Sep 2017 Hobson Wealth expands
01 Sep 2017 FMA: No regrets about $1.7m bill
August 2017
31 Aug 2017 New chance to join leaky building lawsuit
31 Aug 2017 Be careful what you ask for
31 Aug 2017 Roll out renters’ education course - NZPIF
30 Aug 2017 Fund Source surprises with awards
30 Aug 2017 Slowdown in value growth spreading
30 Aug 2017 Avanti's new business reaches out to SMEs
30 Aug 2017 LVRs still needed - RBNZ
30 Aug 2017 Falling consents mean shortage not addressed
30 Aug 2017 Boost for fixed interest fund
30 Aug 2017 Insurance pain for landlords ahead
30 Aug 2017 KiwiSaver members don't understand MTC
30 Aug 2017 FMA outlines plans - has eyes on advisers
29 Aug 2017 Council urged to pause on making WOF compulsory
29 Aug 2017 FMA wins settlement for finance company investors
29 Aug 2017 Rents rise in Wellington - & Christchurch
29 Aug 2017 Under-active RFAs may drop out
28 Aug 2017 Quantitative investment styles, and when they perform
28 Aug 2017 Nagging and the definition of ‘financial advice’
28 Aug 2017 Two-year cut labelled pre-Election Special
28 Aug 2017 Affordability growing in West Auckland
28 Aug 2017 Sharesies ponders advice offer
28 Aug 2017 AIA expands cancer benefit reach
27 Aug 2017 Trade Me: We still back LifeDirect
25 Aug 2017 Commission files Harmoney proceedings
25 Aug 2017 Softer market better time to buy
25 Aug 2017 Getting to Know: Reagan Bax
25 Aug 2017 Adviser wants 'gold standard' for industry
25 Aug 2017 Newpark considers being a licensed dealer group
25 Aug 2017 Investor lending exodus
25 Aug 2017 House price expectations plummet
24 Aug 2017 NZX's Apertyx yet to take full flight
24 Aug 2017 Newpark stacks its board with well-known people
24 Aug 2017 Human rights body slams tenant damage changes
23 Aug 2017 No fine for QROPS adviser who breached code
23 Aug 2017 Expect negative impact from regulation overload
23 Aug 2017 Remarkable adds and subtracts managers
23 Aug 2017 Industry demands details
23 Aug 2017 OnePath sale may be getting close
22 Aug 2017 Bank boss resigns
22 Aug 2017 Bank boss resigns
22 Aug 2017 Where to for LVRs?
22 Aug 2017 Year-on-year price growth still strong
22 Aug 2017 nib grows market share and distribution
22 Aug 2017 Chaotic election not necessarily bad news for investors
22 Aug 2017 Documents shorter but still dense
21 Aug 2017 Perpetual Guardian appoints from Sovereign
21 Aug 2017 Barramundi skinned in market
21 Aug 2017 LVRs are not going anywhere
21 Aug 2017 The housing market driver that’s not going away
21 Aug 2017 One four year fall
21 Aug 2017 The global economy: weak household incomes constrain outlook
21 Aug 2017 Taking care of business
21 Aug 2017 Devon grabs high profile CIO from bank
21 Aug 2017 Managers issue risk warning
20 Aug 2017 Strategi launches KiwiSaver course
20 Aug 2017 Mercer makes board appointment
18 Aug 2017 Politicians due to speak at conference
18 Aug 2017 No end in sight for LVRs
18 Aug 2017 Getting to Know: Peter Neilson
18 Aug 2017 One little change
18 Aug 2017 Solid result from AMP
18 Aug 2017 Good start with KiwiSaver, but growth yet to come
18 Aug 2017 Pro-bono work recognised
17 Aug 2017 Former Navy captain to steer Newpark into the future
17 Aug 2017 NZPIF opposes Wellington rental WOF
17 Aug 2017 Court sides with i-Select
17 Aug 2017 Suddenly two-year rates get interesting
17 Aug 2017 Clients might need a bonds brush-up
16 Aug 2017 Health insurance claims double in a decade
16 Aug 2017 Affordability better for renters
16 Aug 2017 DTIs dead in the water; Co-op Bank lowers rates
16 Aug 2017 DTI cull good news for property investors
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