Archive - 2018
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October 2018
12 Oct 2018 Market fall not a bloodbath; Someone’s dropped their latte: NZ Super Fund boss
12 Oct 2018 COMMENT: Reform word games
12 Oct 2018 LVR easing talk grows
12 Oct 2018 Level 5 will be minimum for advisers; KiwiBank talks LVR loosening
12 Oct 2018 Financial planning for the future
12 Oct 2018 Wilson's surprise departure from top job
12 Oct 2018 Code: From complex to simple
11 Oct 2018 NZ shares drop to 4-month low following Wall St rout; A2 slumps 11%
11 Oct 2018 LVR restrictions could be cut by 5%: Kiwibank
11 Oct 2018 Draft code of conduct revealed
11 Oct 2018 Sept sales plummet; Finance Minister talks tax changes
11 Oct 2018 September sales at 7 year low
11 Oct 2018 'Individual' licence suggestion causes concern
11 Oct 2018 Fraud pushes up policies' premiums
10 Oct 2018 Investors remain nervous; Fonterra down
10 Oct 2018 Calls for property management regulation grow
10 Oct 2018 Minister talks tax
10 Oct 2018 Another non-bank targets prime loans; BNZ makes some moves
10 Oct 2018 FNZ in deal worth billions
10 Oct 2018 Basecorp latest non-bank to target prime customers
10 Oct 2018 Advisers hang back from KiwiSaver
09 Oct 2018 NZ shares fall for 7th day as US bond yields hold sway
09 Oct 2018 [GRTV] National Advisers Conference Episode 1
09 Oct 2018 Advice makes key difference to KiwiSaver
09 Oct 2018 COMMENT: What “bad tenant” tales are really saying
09 Oct 2018 What's happening in vehicle finance?
09 Oct 2018 Fund managers 'should back advisers'
09 Oct 2018 NZFSG targets car finance growth
08 Oct 2018 NZX closes at lowest level in a month; Rising US bond yields ripple through Asia
08 Oct 2018 Elevation Capital demands unreasonable: NZX
08 Oct 2018 Harbour adds Multi-Asset specialist
08 Oct 2018 Front-footing change
08 Oct 2018 HSBC does the limbo again
08 Oct 2018 The Dealer Group
08 Oct 2018 Managers not adding value picking asset classes
05 Oct 2018 NZ shares fall as rising yields trim demand; Synlait drops
05 Oct 2018 Kiwibank changes special
05 Oct 2018 New FSLAB timelines; Are KiwiBuild houses good value?
05 Oct 2018 End is nigh for letting fees
05 Oct 2018 Reserve Bank may expand dashboard to insurance
05 Oct 2018 FSLAB regime not expected to fully take hold until mid-2022
05 Oct 2018 NZX stands by funds business
05 Oct 2018 Insurance documents 'too confusing'
04 Oct 2018 A2 still in the dog-box; Genesis, Akl Airport shed dividend rights
04 Oct 2018 Switch at top of Magellan
04 Oct 2018 KiwiBuild discount favours Auckland, Queenstown: CoreLogic
04 Oct 2018 Time for apartment law reform
04 Oct 2018 Harbour builds a new real estate fund
04 Oct 2018 Harbour homes in on real estate
04 Oct 2018 Advisers face challenging decade
04 Oct 2018 Clients 'should expect ongoing service'
03 Oct 2018 A2 director sells; Fletcher overture rebuffed; market falls
03 Oct 2018 Supply increase puts hold on prices
03 Oct 2018 More cuts; Listings jump
03 Oct 2018 Values holding pattern
03 Oct 2018 Platform ponders advice potential
02 Oct 2018 Shares slip on rising costs, dwindling business confidence
02 Oct 2018 Shortage driving Hamilton values
02 Oct 2018 Fund manager calls for NZX to sell funds business
02 Oct 2018 Alternative lending options
02 Oct 2018 Beyond The Banks – Alternative lending options in a restricted market
02 Oct 2018 They think they know how
02 Oct 2018 New Housing Ministry opens doors
02 Oct 2018 Simplicity faces responsibility questions
02 Oct 2018 Nikko adds relationship manager
02 Oct 2018 FMA calls for adviser support
01 Oct 2018 NZ shares fall as Spark, Ryman give up recent gains in quiet trading
01 Oct 2018 [GRTV] Global equities is a good place to be: Nikko
01 Oct 2018 Rates continue to tumble; Mike Pero and co swap war for love
01 Oct 2018 The week that was
01 Oct 2018 NZ Funds appoints new CEO
01 Oct 2018 Spring listings deluge
01 Oct 2018 The top regulation questions answered
September 2018
28 Sep 2018 [The Wrap] Fun and games at Fin Advice NZ conference; What advisers need to do when paid commission
28 Sep 2018 NZ shares climb as NZX50 gains 4.3% in September quarter
28 Sep 2018 Auckland consents reach record levels
28 Sep 2018 Jail for Waldorf Celestion Apartment developers
28 Sep 2018 Litigation heals Mike Pero wounds
28 Sep 2018 Super Fund adds $4b
28 Sep 2018 Kepa appoints manager of adviser training
28 Sep 2018 Young adviser takes top award; TSB cuts rates
28 Sep 2018 AIA and Sovereign: One brand in 2019
28 Sep 2018 AMP divests from tobacco securities
27 Sep 2018 Three Excellence in advice awards revealed
27 Sep 2018 Kerr claims win in Torchlight case
27 Sep 2018 NZ shares fall as A2 extends decline, property stocks lose shine
27 Sep 2018 Three advisers elected to association board
27 Sep 2018 Partners Life appoints Chief Legal, Risk and Conduct Officer
27 Sep 2018 OCR remains the same
27 Sep 2018 Today’s OCR statement
27 Sep 2018 Ombudsman clarifies adviser servicing obligations
27 Sep 2018 Investor lending activity still subdued
26 Sep 2018 Investor activity subdued in August
26 Sep 2018 NZ shares edge up; rising oil prices keep Air NZ cautious
26 Sep 2018 Solid global economy and equity returns
26 Sep 2018 BNZ joins Kiwibuild buyer battle
26 Sep 2018 New group to battle reforms
26 Sep 2018 Rents hitting record highs; Got your seat yet?
26 Sep 2018 AFAs censured by FADC
25 Sep 2018 NZ shares inch higher as investors eye upcoming AGMs
Latest News
Can AI pick the best KiwiSaver provider?
Can AI pick the best KiwiSaver provider?
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[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
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NZX aims for 5% of KiwiSaver market in three-to-five years
NZX aims for 5% of KiwiSaver market in three-to-five years
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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?
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.
3 weeks ago P Urbani