Archive - 2020
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September 2020
11 Sep 2020 Profit-taking pulls shares lower
11 Sep 2020 KiwiSaver - After the Covid downturn
11 Sep 2020 Covid be damned – the market is booming
11 Sep 2020 Turnaround time turmoil
11 Sep 2020 Turnaround time turmoil
11 Sep 2020 Bond specialist raises concerns over recent FMA guidelines
10 Sep 2020 NZ shares bounce with Wall St
10 Sep 2020 Tahito appoints AIA chief strategy officer as chair
10 Sep 2020 Real estate price-fixing saga ends with big penalty
10 Sep 2020 ANZ redeploys staff to broker applications
10 Sep 2020 Managers have abdicated responsibility: Kiwi Invest
10 Sep 2020 ANZ redeploys staff to broker applications
09 Sep 2020 Stock market selloff returns from holiday
09 Sep 2020 Southern Cross to bring mental health programme to kiwi kids
09 Sep 2020 AMP Capital appoints new fixed income analyst
09 Sep 2020 Interest rates, not bargains, driving investors
09 Sep 2020 Interest rates not bargains driving investors
09 Sep 2020 IRD offers guidance on cryptoassets
08 Sep 2020 Sky TV leads gains for second day
08 Sep 2020 Struggling to secure finance?
08 Sep 2020 Asteron Life goes live with new mental health support service
08 Sep 2020 COMMENT: Furore over Healthy Homes story misleading
08 Sep 2020 Economy faring better than expected; Where are properties selling above CVs?
08 Sep 2020 Should you stay, or should you go?
08 Sep 2020 Firms will need to 'consolidate and grow'
07 Sep 2020 Shares rise in quiet trading
07 Sep 2020 Economy performing better-than-expected: ASB
07 Sep 2020 Westpac not budging on investor LVR
07 Sep 2020 Westpac not budging on investor LVR
07 Sep 2020 FMA offers investors insight into bonds
04 Sep 2020 Sharpest drop on NZX in months
04 Sep 2020 Where are properties selling most above CVs?
04 Sep 2020 Non-bank criteria changing during pandemic; Tip for landlords
04 Sep 2020 Generating income in a negative rates world
04 Sep 2020 Responsible investment's gender gap
03 Sep 2020 Entertainment stocks lead market rally
03 Sep 2020 Non-bank criteria changing through Covid
03 Sep 2020 Households spend nearly a third of their income on mortgage
03 Sep 2020 COMMENT: Don’t miss your $5,000 deductions!
03 Sep 2020 Deloitte: Tricky to compare NZ insurance to other markets
03 Sep 2020 AMP reports 'increase in interest' in its businesses
02 Sep 2020 Shares rise, dollar hits 14-month high
02 Sep 2020 Households spending 32% of income on mortgage
02 Sep 2020 FSC offers info hub for advisers
02 Sep 2020 Super City powers through lockdown 2.0
02 Sep 2020 Moving rent tech out of the past
02 Sep 2020 Kiwibank profits fall; Market holds firm against Covid
02 Sep 2020 Financial Advice NZ conference gets funding
02 Sep 2020 Level five isn't the big issue for advisers; It's something else
02 Sep 2020 Financial advisers get cyber warning
01 Sep 2020 High consent issuance not expected to continue
01 Sep 2020 Strong currency weighs down exporters
01 Sep 2020 Kiwibank profits drop by 47%
01 Sep 2020 ANZ completes UDC sale
01 Sep 2020 Market holds firm in Covid-19 storm
01 Sep 2020 Advisers sail through second lockdown; Westpac rate cuts
01 Sep 2020 How did the second lockdown compare?
01 Sep 2020 Record housing stock lows round NZ
01 Sep 2020 Australian banks' offloading of wealth businesses continues
August 2020
31 Aug 2020 Heavyweight exporters fall as dollar rises
31 Aug 2020 Consents no longer needed for low-risk work
31 Aug 2020 Sub-2% mortgages for several years?
31 Aug 2020 Sub-2% rates for two to three years: economists
31 Aug 2020 Mint moves to new digital onboarding platform
31 Aug 2020 Online rent talk attracts ComCom attention
31 Aug 2020 Will hackers interfere with NZX for second week?
31 Aug 2020 Pathfinder gets B Corp status
31 Aug 2020 Steady Southern star
28 Aug 2020 [OPINION] The industry needs to shift focus from ‘what you need to do’ to ‘how will you do it?’
28 Aug 2020 Reeling from cyber attacks, NZX 50 shuffles to record
28 Aug 2020 Buyer sentiment at eight year high
28 Aug 2020 Resimac slashes prime servicing rate; Clouds loom over housing market
28 Aug 2020 Financial services sector questioned regulation draft
28 Aug 2020 How to write about money
27 Aug 2020 Third cyber attack halts NZX trading
27 Aug 2020 Resimac slashes servicing rate
27 Aug 2020 Clouds remain over housing market
27 Aug 2020 Sub 2% rates to boost housing market; Borrowing boom in July
27 Aug 2020 FMA appoints director of investment management
27 Aug 2020 Licences near 1,000 milestone
26 Aug 2020 Borrowing boom in July – before second lockdown
26 Aug 2020 Shares rise, cyber attack interrupts trading
26 Aug 2020 Borrowing boom in July – before second lockdown
26 Aug 2020 Sub-2% mortgages to boost house prices: ASB
26 Aug 2020 Rental growth slows; CFML floating rate cut
26 Aug 2020 Stubbs: Take KiwiSaver fees issue to court
25 Aug 2020 Network issue cuts bullish day short
25 Aug 2020 No rent growth for first time in three years
25 Aug 2020 Negative OCR would be a mistake: Kiwibank
25 Aug 2020 Negative OCR would be a mistake: Kiwibank
25 Aug 2020 FMA not backing an investment style despite report
24 Aug 2020 Wall Street leads property stocks higher
24 Aug 2020 Buying insurance can be a reassuringly normal thing to achieve
24 Aug 2020 Routine inspection pays off
24 Aug 2020 Mixed response to government business loan scheme
24 Aug 2020 AMP makes top-level changes amid allegations
24 Aug 2020 Nib braces for rush of treatments next year
24 Aug 2020 Mixed response to Business Finance Guarantee Scheme
24 Aug 2020 FMA releases active versus passive report
24 Aug 2020 Money Week an opportunity to reach out, Financial Advice NZ says
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