Archive - 2019
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August 2019
30 Aug 2019 More work needs to be done on policy ownership
30 Aug 2019 Gisborne grows up
30 Aug 2019 InvestNow opens platform to advisers
30 Aug 2019 [Obituary] Mike Loftus
30 Aug 2019 Commercial property focus for new non-bank lender
29 Aug 2019 Forsyth Barr acquires advice firm
29 Aug 2019 Investors savage Vista after it misses earnings target
29 Aug 2019 Kiwibank's shareholders green-light capital-hungry growth plans
29 Aug 2019 Build-to-rent momentum grows
29 Aug 2019 Prospa increases loan size
29 Aug 2019 Prospa NZ outstrips Australia
29 Aug 2019 Ambitious Australian trustee firm makes kiwi push
28 Aug 2019 AIA says Vitality is flying as another insurer tries to shoot it down
28 Aug 2019 NZ shares rise; F&P Healthcare jumps on modest earnings upgrade
28 Aug 2019 [OPINION] We are not alone with Monetary Policy: Orr
28 Aug 2019 Slashing OCR has worked, economist says
28 Aug 2019 COMMENT: The dangers of neglecting code compliance certificates
28 Aug 2019 Partners: Nominated beneficiaries too much of a grey area
28 Aug 2019 Financial advisers want KiwiSaver to get SMarT
27 Aug 2019 NZ shares recover; demand for yield boosts Meridian, Spark
27 Aug 2019 ANZ sets new low; Are property investors back?
27 Aug 2019 The staggered rise of big city rents
27 Aug 2019 BNZ's wealth shakeup
26 Aug 2019 Trump's trade tweets drive NZ shares lower; Freightways caution weighs
26 Aug 2019 Are property investors returning to the market?
26 Aug 2019 Working out the value of your business
26 Aug 2019 AIA appoints leader for IFA channel
26 Aug 2019 Housing market confidence growing
26 Aug 2019 Astute finally confirms Campbell's departure; SBS cuts rates
26 Aug 2019 Old school digital advice failed advisers, but there are new options emerging
26 Aug 2019 AIA Vitality Fittest City report: Let’s get moving
26 Aug 2019 Campbell leaves Astute Financial
25 Aug 2019 Faafoi says some commissions will be banned
24 Aug 2019 Hobson gets back onboard NZX platform
23 Aug 2019 [The Wrap] Introducing the new type of financial adviser (Not)
23 Aug 2019 Yield stocks sold off; Skellerup drops
23 Aug 2019 Fred Dodds acknowledged for his services to financial advisers
23 Aug 2019 Kiwibank's annual profit eases as fee income drops
23 Aug 2019 Relationship break-up not cause to end tenancy, tribunal says
23 Aug 2019 Top mortgage advisers named; HSBC moves rates
23 Aug 2019 Three leading ladies awarded
23 Aug 2019 Financial Advice NZ adds members, focuses on getting voice heard
22 Aug 2019 NZ shares gain as Ebos, Air NZ earnings meet expectations
22 Aug 2019 Anderson launches new fund options
21 Aug 2019 Big Wednesday: A2 squeezed over margins; Fletcher and Spark shine
21 Aug 2019 New policy to address “failing” cities
21 Aug 2019 Low rates boost NZ’s housing affordability
21 Aug 2019 New BDMs at Resimac, Bluestone, FMT
21 Aug 2019 Two new BDMs for First Mortgage Trust
21 Aug 2019 Bluestone brings in new BDM
21 Aug 2019 New BDM for Resimac
21 Aug 2019 Harvesting Black Swans
21 Aug 2019 nib NZ has risk and culture review on the radar
20 Aug 2019 Napier Port has promising debut; NZ shares rise
20 Aug 2019 A tale of two cities prices
20 Aug 2019 Latest on Harmoney legal case; new guidelines for landlords
20 Aug 2019 [GRTV] Why a four day week is good; Fears about markets
20 Aug 2019 KiwiSaver providers question loss-making assumptions
19 Aug 2019 NZ shares gain as tweaked earnings outlooks boost A2, weigh on Fletcher
19 Aug 2019 It's mostly up for health insurer nib
19 Aug 2019 FoxPlan: Killick hands over
19 Aug 2019 Comcom loses bid to derail Harmoney appeal
19 Aug 2019 FMA secures guilty verdict
19 Aug 2019 New privacy guidelines welcomed
19 Aug 2019 Will rates fall much further?
19 Aug 2019 AIA's shot at a TV ad
19 Aug 2019 ASB: Rates may not get much lower
19 Aug 2019 [GRTV] Why a four day week is good; Fears about markets
18 Aug 2019 Wealthpoint makes appointments
16 Aug 2019 [The Wrap] What the heck is a good customer outcome?
16 Aug 2019 NZ shares fall as global uncertainty weighs on utilities; Sky gains on M&A
16 Aug 2019 Hobson Wealth latest to enter KiwiSaver with a robo solution
16 Aug 2019 Development focus for new Hamilton-Auckland partnership
16 Aug 2019 nib aims to make advisers' lives easier with online tool
16 Aug 2019 Kiwibank fixed rate cuts; Avanti debt milestone
16 Aug 2019 Avanti reaches debt milestone
15 Aug 2019 Asteron Life links up with health insurance companies
15 Aug 2019 NZ shares join global rout as bond markets stoke recession fears
15 Aug 2019 Harmoney appoints new CEO
15 Aug 2019 FMA ponders advice exemptions
15 Aug 2019 Regulators' group announces new vision
15 Aug 2019 Share markets shake
15 Aug 2019 Perpetual Guardian has a new general counsel
15 Aug 2019 Heartland Group lifts annual profit 9% on reverse mortage and other lending growth
15 Aug 2019 More rate cuts at ASB; ANZ concerned about risk-aversion
14 Aug 2019 Heathcote adds another manager to its portfolio
14 Aug 2019 Lower and lower domestic interest rates
14 Aug 2019 Reporting season on track; Sky City signals growth ahead
14 Aug 2019 ANZ's Elliott voices concerns over credit controls
14 Aug 2019 Ross victims get green light to sue ANZ
14 Aug 2019 Westpac,TSB, ASB rate cuts; Q Advisor Group sets out licensing stance; Avanti Christchurch role
14 Aug 2019 What’s more important for KiwiSaver members? Net returns or fees?
13 Aug 2019 NZ shares join global lull as investors remain nervous
13 Aug 2019 Stronger market on the cards
13 Aug 2019 BNZ and SBS rate cuts; DTIs on Reserve Bank's radar; Opportunity at Avanti
13 Aug 2019 Q Advisor Group sets out licensing stance
13 Aug 2019 Advisers need to negotiate lower fees
12 Aug 2019 Chipping away at bank KiwiSaver funds
12 Aug 2019 NZ shares flatline in light trading; Fonterra sinks after dropping dividend
12 Aug 2019 DTIs still on the Reserve Bank’s radar
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