Archive - 2019
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October 2019
04 Oct 2019 FE Investments gets ratings boost on capital raise
04 Oct 2019 TE adds three
04 Oct 2019 Market rebounds; Kathmandu rises after bookbuild
04 Oct 2019 Heartland hails reverse mortgage growth
04 Oct 2019 [The Wrap] Royal commission? No. But there's still questions to ask
04 Oct 2019 Airbnb room rental not bylaw violation
04 Oct 2019 New Avanti BDM, Spring bounce in Auckland?
04 Oct 2019 Avanti latest to cut rates
03 Oct 2019 Kloogh liquidators trawling files back to 2012
03 Oct 2019 Asteron offers to guide advisers through change
03 Oct 2019 NZ shares fall on growth fears, trade war expansion
03 Oct 2019 Simplicity enters mortgage market with 2.95% rate
03 Oct 2019 To FAP or not to FAP, that is the question
03 Oct 2019 Simplicity declares war with 2.95% mortgage
02 Oct 2019 NZ shares fell on concerns about stalling global growth
02 Oct 2019 FundSource's former qual man returns with new service
02 Oct 2019 Spring bounce in Auckland market
02 Oct 2019 Insurers won't be responsible for advisers 'at this point in time'
02 Oct 2019 New BDM at Avanti
02 Oct 2019 FMA adds to leadership team
02 Oct 2019 Ex-Mortgage Link team branches out; Resimac rate cuts
02 Oct 2019 Signs of life in market
02 Oct 2019 Ex-Mortgage Link team branches out
02 Oct 2019 Low rates prompting shift: FMA
01 Oct 2019 The Adviser Platform offers general insurance add-on
01 Oct 2019 Investor demand continues for yield stocks
01 Oct 2019 Kiwibank predicts 0.5% OCR cut
01 Oct 2019 Resimac cuts rates and lowers servicing test
01 Oct 2019 Experts support capital review: RBNZ
01 Oct 2019 ANZ rate cut; new look Southern Cross team
01 Oct 2019 New listings remain limited
01 Oct 2019 Finally, a breath that suggests it's not all about the advisers and their advice
01 Oct 2019 COMMENT: Let the buyer beware! But what about the seller?
01 Oct 2019 KiwiSaver’s dark web
01 Oct 2019 What really makes a diversified income fund run?
01 Oct 2019 Gascoigne departs PM Capital role
01 Oct 2019 FMA tackles green-washing
September 2019
30 Sep 2019 Select Wealth cuts fees
30 Sep 2019 AIA adds mental health support
30 Sep 2019 Firm start to the week as A2 drives NZ shares higher
30 Sep 2019 Consents up again in August
30 Sep 2019 Southern Cross builds senior team
30 Sep 2019 Kiwibank rate drop; Regulatory concerns
30 Sep 2019 Westside fortunes
30 Sep 2019 Financial Advice NZ ponders future under new rules
27 Sep 2019 Property stocks rise while gentailers fall. Market edge up in quiet trading overall
27 Sep 2019 Bad behaviour behind most 90-day notices
27 Sep 2019 Newpark concern over regulation; TSB, ASB rate cuts
27 Sep 2019 Newpark hits out at regulatory confusion
27 Sep 2019 Tony Alexander resigns from BNZ
27 Sep 2019 Financial advisers help tackle stress
26 Sep 2019 Investors unnerved by global uncertainty; Fonterra jumps but market falls
26 Sep 2019 LVR limits slow down investors
26 Sep 2019 MySolutions speaks out; LVR slows down investors; Westpac cut
26 Sep 2019 Kiwi Wealth launches managed funds
25 Sep 2019 Two well-known life insurance execs join Allianz
25 Sep 2019 Govt not throwing baby out with bathwater: Ballantyne
25 Sep 2019 Yield stocks back in favour with investors; Air NZ takes off
25 Sep 2019 MySolutions wants independence for advisers
25 Sep 2019 OCR on hold: November cut expected
25 Sep 2019 LVR speed limits slow down investors
25 Sep 2019 OCR decision revealed
25 Sep 2019 Crackdown on conduct
25 Sep 2019 SBS rate cuts; MySolutions wants adviser independence
25 Sep 2019 Rents ramp up in Capital’s tight market
25 Sep 2019 Govt must regulate property managers - REINZ
25 Sep 2019 What SMEs think of life insurance advisers
25 Sep 2019 Shanks signs up for level five
25 Sep 2019 Time for changes to KiwiSaver
24 Sep 2019 Superannuation veteran returns to Mercer as Partner
24 Sep 2019 NZ shares fall as A2 hits 7-month low; Spark still defies naysayers
24 Sep 2019 Not all high yielding stocks are equal. Here's three that deserve second-thoughts
24 Sep 2019 ANZ warns of mortgage rate pressure
24 Sep 2019 Upward pressure on mortgage rates: ANZ
24 Sep 2019 RBNZ needs more resources, not more powers: Bascand
23 Sep 2019 Major milestone for Cigna
23 Sep 2019 S&P's latest verdict on UDC
23 Sep 2019 Strong demand for impact investment, Association says
23 Sep 2019 NZ shares buoyed by prospect of low rates; Spark gains
23 Sep 2019 Lodge bonds or expect a penalty
23 Sep 2019 No stopping Capital price rises
23 Sep 2019 Westpac and BNZ rate cuts; NZ bank risk assessed
23 Sep 2019 NZ banks exposed: S&P
23 Sep 2019 Identity verification requirements 'empire building'
22 Sep 2019 Heritage Trustee rebrand complete
22 Sep 2019 Fidelity Life gets tick
22 Sep 2019 Partners creates new role for claims
21 Sep 2019 [The Wrap] What's worse? Commissions on insurance or cashbacks for home loans
20 Sep 2019 NZ shares gain; index reweighting drives heavy trading in Kiwi, Kathmandu
20 Sep 2019 New Government housing agency established
20 Sep 2019 SBS rate cut; OCR preview
20 Sep 2019 OCR Preview: economists predict no change
20 Sep 2019 PMG closes fund early as oversubscribed
20 Sep 2019 Strong response expected to KiwiSaver default review: Govt
19 Sep 2019 NZ shares gain; appetite for KFC helps Restaurant Brands hit record
19 Sep 2019 Advisers feeling overwhelmed by change and scrutiny, group says
19 Sep 2019 ANZ rate cuts; BNZ outlines regulatory stance
19 Sep 2019 BNZ outlines stance on new regulatory regime
19 Sep 2019 The truth about flipping
19 Sep 2019 Bluestone cuts variable rate
Latest News
[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
3 min read
Banks lose KiwiSaver share
Banks lose KiwiSaver share
2 min read
Latest Comments
FE Investments in receivership
Fei , trustees still hold large of money not yet refund fully.
6 days 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.
2 weeks ago P Urbani