Archive - 2020
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August 2020
24 Aug 2020 Adviser calls to ditch default schemes
22 Aug 2020 Advisers offered support package
21 Aug 2020 NZ shares rise on bullish earnings
21 Aug 2020 Asteron Life profit drops
21 Aug 2020 Reverse mortgages an option for struggling borrowers?; Investor market share increases
21 Aug 2020 Start date for regime unlikely to change again
20 Aug 2020 Heavyweight stocks drag market down
20 Aug 2020 Reverse mortgages an option for struggling borrowers: Heartland
20 Aug 2020 Simplicity launches 2.25% floating rate
20 Aug 2020 Investors' market share on the rise
20 Aug 2020 ANZ puts aside $79 million for bad loans; Tenancy reforms become law
20 Aug 2020 AIA reveals grant winners
20 Aug 2020 Treasury, MBIE mull options for KiwiSaver default scheme
19 Aug 2020 Investors hit pause on market rally. Find out why.
19 Aug 2020 Super Fund scores As for responsible investment
19 Aug 2020 Court of Appeal backs Asteron Life in battle with former broker
19 Aug 2020 ANZ sets aside an extra $79 million for bad loans
19 Aug 2020 Changes to RTA now in force
19 Aug 2020 BNZ joins rivals with negative OCR forecast
19 Aug 2020 Election not an issue for property buyers & sellers
19 Aug 2020 FinTech expert bolsters Mosaic FSI advisory board
19 Aug 2020 Mike Pero Mortgages makes new hires; How can the market operate at level three?
19 Aug 2020 Mike Pero Mortgages makes new appointments
19 Aug 2020 Advisers to be offered branded investment platforms
18 Aug 2020 Shares rise, dollar softens as negative cash rate predicted
18 Aug 2020 Data supports markets
18 Aug 2020 TSB launches 2.49% one year rate; OCR predicted to go negative
18 Aug 2020 Negative OCR on the way: ASB and ANZ
18 Aug 2020 Analysts pick Covid-19 losers on NZX
17 Aug 2020 Shares rise as negative interest rates loom
17 Aug 2020 Mortgage deferral scheme extended to March
17 Aug 2020 Deferral scheme extended to March
17 Aug 2020 COMMENT: Real estate possible at level three
17 Aug 2020 Aon to offer free wills in a new deal with Footprint
17 Aug 2020 Advisers ready for extended lockdown; Wairarapa Building Society cuts rates
17 Aug 2020 Advisers ready for extended lockdown
17 Aug 2020 What does ‘treat fairly’ mean in new conduct law?
17 Aug 2020 Covid-19 driving financial services change: McEwan
17 Aug 2020 FSCL says client complaint a non-disclosure warning
17 Aug 2020 MMC lands new investment manager
17 Aug 2020 Public Trust appoints CFO
14 Aug 2020 Credit Suisse and Jarden end their relationship
14 Aug 2020 Domestic bellwether stock Freightways leds NZX lower
14 Aug 2020 Vernon steps into AMP Australia role - for a while
14 Aug 2020 Pepper updates its online mortgage selector tool
14 Aug 2020 Covid-19 return could derail market boom
14 Aug 2020 Why mortgage rates are likely to fall even lower
14 Aug 2020 AMP reports profit drop amid 'solid' result
13 Aug 2020 NZ shares flat as tech rally balances covid fears
13 Aug 2020 Why mortgage rates are likely to fall even lower
13 Aug 2020 Mortgage deferrals to be extended as Reserve Bank tries to push down rates
13 Aug 2020 a2: could the milk be starting to turn?
13 Aug 2020 Advisers adjust to heightened alert levels
12 Aug 2020 Reserve Bank measures limit virus-driven stock slide
12 Aug 2020 Mortgage deferral programme to be extended
12 Aug 2020 Mortgage deferral programme to be extended: Orr
12 Aug 2020 OCR on hold but QE expanded to $100 billion
12 Aug 2020 OCR decision revealed
12 Aug 2020 How Covid-19 has impacted Partners Life
12 Aug 2020 The return of Covid-19: what it means for landlords
12 Aug 2020 Advisers brace for second lockdown; ASB profits drop 20%; OCR decision later
12 Aug 2020 Advisers prepare for second lockdown
12 Aug 2020 ASB profits drop 20%
12 Aug 2020 Record gold prices 'could go higher'
11 Aug 2020 Sharemarket investors go bargain hunting
11 Aug 2020 New advisers join Loan Market
11 Aug 2020 How elections impact on the market
11 Aug 2020 Kainga Ora rate cuts; Greens propose further tenancy reforms
11 Aug 2020 Financial advice makes NZers better off
10 Aug 2020 Local market in lock-step with ASX
10 Aug 2020 Greens propose more landlord regulations
10 Aug 2020 OCR preview: all eyes on quantitative easing; SBS rate cuts
10 Aug 2020 OCR Preview: All eyes on quantitative easing
10 Aug 2020 [GRTV] Too many KiwiSaver managers not adding value
10 Aug 2020 MMC adds to its executive team
10 Aug 2020 Win for financial advisers as CoFI tweaked
10 Aug 2020 Free financial advice on offer
07 Aug 2020 Fidelity Life adds to board
07 Aug 2020 Energy sector leads sharemarket lower
07 Aug 2020 Mint strengthens SRI rating with UNPRI
07 Aug 2020 Kiwibank predicts 6% fall in house prices; Warning over new tenancy laws
07 Aug 2020 Kiwibank expects 6% fall in house prices
07 Aug 2020 Death of small advice firms exaggerated: FMA
06 Aug 2020 NZ shares flat as Tiwai smelter rumours swirl
06 Aug 2020 Persistent RTA breaches cost landlord
06 Aug 2020 Shake-up at AMP
06 Aug 2020 New rental laws will have unexpected outcomes
06 Aug 2020 Borrowers pay down home loans in lockdown
06 Aug 2020 The Co-operative Bank slashes home loan rates
06 Aug 2020 Fund history should reset after reclassification, adviser says
05 Aug 2020 Gold soars on global uncertainty; shares sink
05 Aug 2020 The clock is ticking on getting a transitional licence…
05 Aug 2020 Tied Agency 2.0 – spelt out
05 Aug 2020 It starts with governance
05 Aug 2020 Resimac slashes prime rates
05 Aug 2020 Radical tenancy reforms now law
05 Aug 2020 Is the market resurgence coming to an end?
05 Aug 2020 Financial Advice NZ ponders questions of experience in Trusted Adviser consultation
04 Aug 2020 Better news out of US and Europe drives NZX rally
04 Aug 2020 BNP to boost offshore capital flows
Latest News
Can AI pick the best KiwiSaver provider?
Can AI pick the best KiwiSaver provider?
4 min read
[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
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?
3 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