Archive - 2018
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September 2018
06 Sep 2018 NZ shares drop as stocks shed dividend rights; Synlait, Heartland, A2 fall
06 Sep 2018 Mortgage Express hires Sara Hartigan
06 Sep 2018 Latest QV house price stats
06 Sep 2018 Modest market a-changing
06 Sep 2018 Code of conduct launched amid warnings for industry
06 Sep 2018 Client ignored for 20 years
06 Sep 2018 Bank advice criticised
06 Sep 2018 Failed MPM relationship doesn’t mean deadlock
05 Sep 2018 MPM Judge asks: What's the argument?
05 Sep 2018 NZ shares fall, Sky TV and FPH drop while Chorus, Arvida rise
05 Sep 2018 New venture to drive down construction costs
05 Sep 2018 Prices up despite subdued market
05 Sep 2018 Mike Pero case judge wonders what the argument is
05 Sep 2018 Associations' quandary: Boost numbers, maintain standards
05 Sep 2018 Asteron reveals product changes
04 Sep 2018 NZ shares gain as investors eye rate cut change; Sky TV, Port of Tauranga gain
04 Sep 2018 Proposed Healthy Homes standards out
04 Sep 2018 50% chance of OCR cut; Mortgage People looks to grow
04 Sep 2018 Game of two halves
04 Sep 2018 Perspective On Markets - It's An Age Thing
04 Sep 2018 Mortgage People looks to grow post deal
04 Sep 2018 People Group completes a Trifecta
04 Sep 2018 Shanks: Use Money Week to have advice message heard
03 Sep 2018 nib partners with Ronald McDonald
03 Sep 2018 Lifetime completes capital raising
03 Sep 2018 Market pricing 50% chance of OCR cut: ANZ
03 Sep 2018 Record keeping and all that
03 Sep 2018 Kiwibank ends one-year special
03 Sep 2018 'Interested parties' see potential to grow FundSource: NZX
01 Sep 2018 [The Wrap] Feel good week; Celebrating success in financial services
August 2018
31 Aug 2018 NZ shares fall today, led lower by Sky TV and Tourism Holdings, but gain 4.4% in August
31 Aug 2018 Rival gets diversity gong
31 Aug 2018 Kiwibank one-year special to rise
31 Aug 2018 AMP credit rating cut on back of Royal Commission
31 Aug 2018 Property news for brokers
31 Aug 2018 Dodds helps old TFAS advisory group rebirth
30 Aug 2018 NZ shares drop as Sky TV, NZX fall; Vector, Chorus gain
30 Aug 2018 Auckland consents at 2nd highest ever
30 Aug 2018 Cressida deploys $50 million
30 Aug 2018 Cressida deploys $50 million capacity for premium product
30 Aug 2018 Nikko claims top award [+ VIDEO]
29 Aug 2018 Financial advisers just 2% of IFSO complaints
29 Aug 2018 First home buyers strong, investors return in July
29 Aug 2018 Cave takes lead at Lifetime
29 Aug 2018 Advisers query EDR notice periods
29 Aug 2018 Insurance conduct regulation's missing piece
28 Aug 2018 Airbnb room rental is subletting
28 Aug 2018 [GRTV] Antipodes is in New Zealand
28 Aug 2018 Next round in Mike Pero duel; Right peak will be lower than before
28 Aug 2018 Fidelity Life targets young farmers
28 Aug 2018 Pie Funds puts two staff in London
28 Aug 2018 Value manager, Antipodes, sets up NZ PIE funds [+ VIDEO]
28 Aug 2018 Booster gets responsibility badge
28 Aug 2018 No adjournment for Mike Pero case
27 Aug 2018 MARKET CLOSE: NZ shares hit record; Synlait, a2 gain while Sky TV, Z Energy drop
27 Aug 2018 Balance needed in tenancy reforms
27 Aug 2018 RESIMAC builds market share; Bank says; We're not average
27 Aug 2018 Tenancy law reform proposals announced
27 Aug 2018 OCR to peak at 2.75 percent: ASB
27 Aug 2018 FMA issues second robo advice licence
27 Aug 2018 Who is being served?
27 Aug 2018 Shore attractions
27 Aug 2018 AFA concerns on back-burner for now
27 Aug 2018 Booster to fund university ideas factory
27 Aug 2018 Financial Advice NZ recruits from associations
25 Aug 2018 Wealth business highlight for Kiwibank boss
24 Aug 2018 RESIMAC builds non-bank market share
24 Aug 2018 We're not average: Kiwibank's new boss
24 Aug 2018 Rents poised to skyrocket this summer
24 Aug 2018 FMA referred fraudster “broker” to IRD
24 Aug 2018 [The Wrap] The future of research; New groups coming; Milking big returns
24 Aug 2018 Smartshares passes $3b
24 Aug 2018 FMA referred fraudster “broker” to IRD
24 Aug 2018 Fund manager research: Where to from here?
23 Aug 2018 NZ shares drop as Air NZ, Ebos fall; F&P Healthcare, Auckland Airport gain
23 Aug 2018 Victory for Mike Pero; Calling all Young Advisers
23 Aug 2018 Advisers should spend more time understanding fixed interest investments
23 Aug 2018 Judge discharges order against Mike Pero
23 Aug 2018 Bond, insulation breaches prove costly
22 Aug 2018 NZ shares at fresh record as Trade Me, A2, Meridian gain on earnings; Fletcher drops
22 Aug 2018 AMP appoints new CEO
22 Aug 2018 A different system: the rental market in Scandinavia
22 Aug 2018 Non-bank lenders go dating
22 Aug 2018 Adviser milking big returns for clients
22 Aug 2018 Non-bank lenders go dating advisers
21 Aug 2018 Geneva Finance buys in Tonga
21 Aug 2018 More rate cuts; Mortgage broker sent to jail
21 Aug 2018 Migration drops more than expected
21 Aug 2018 Mortgage broker sent to prison
21 Aug 2018 Investing: Understanding non-financial risks
21 Aug 2018 ANZ predicts OCR cut
21 Aug 2018 NZX says platform nearly live
20 Aug 2018 Financial planning should be the natural friend of good insurance coverage
20 Aug 2018 nib on deal hunt as profits rise
20 Aug 2018 Auckland prices take a slide
20 Aug 2018 Storing up value
20 Aug 2018 Rates keep falling
20 Aug 2018 New life in old whole of life policies
20 Aug 2018 Investor confidence drops
17 Aug 2018 Lower long-term rates predicted
Latest News
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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