Archive - 2022
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July 2022
29 Jul 2022 Mainfreight shares rally for second day on US update
29 Jul 2022 First Mortgage Trust makes two key appointments
29 Jul 2022 New strategic accounts manager at AIA
29 Jul 2022 Over the peak
29 Jul 2022 Complaints of fear mongering by financial educators rejected
28 Jul 2022 Mainfreight’s shares jump
28 Jul 2022 Huge rent refund for Illegal ‘smoko shed’ conversion
28 Jul 2022 FMA calls out industry over ethical claims
27 Jul 2022 NZ Carbon units leap on ETS advice
27 Jul 2022 The real reason why advisers are delaying FAP applications
27 Jul 2022 The reason why advisers are delaying FAP applications
27 Jul 2022 Mike Pero mortgages hires more people
27 Jul 2022 $40 billion value wiped off housing market in six months
27 Jul 2022 Tough headwinds and greater fall in house prices
27 Jul 2022 How the FMA says it’s helping advisers to comply with the licensing regime
26 Jul 2022 Energy stocks decline across the board
26 Jul 2022 Renters making demands of property managers
26 Jul 2022 Secondary loan market set up by peer to peer company
26 Jul 2022 Staggering increase in Rotorua’s hotel room rates
26 Jul 2022 Fundamentals have gone missing in 2022
25 Jul 2022 Will there be many advisers left in a year's time?
25 Jul 2022 New BDM for Financial Advice NZ
25 Jul 2022 TSB beats the big four
25 Jul 2022 New Zealand shares fall as recession fears rise
25 Jul 2022 Buying opportunities stacking up for Canterbury investors
25 Jul 2022 Harbour Asset Management publishes first annual sustainability report
25 Jul 2022 FAP programme inches forward
22 Jul 2022 Pacific Edge ends week on high
22 Jul 2022 Mint appointed new Independent Director of the Board
22 Jul 2022 Building costs soar and no end in sight
22 Jul 2022 Rental market turning on landlords
22 Jul 2022 FMA ups the ante on value-for-money project, won’t back down on original guidance
21 Jul 2022 Pacific Edge rallies for second day on southern district health region deal
21 Jul 2022 Vocational retraining - the improvements
21 Jul 2022 Big merger in mortgage market
21 Jul 2022 FNZ buys private banking firm
21 Jul 2022 Big merger in mortgage market
21 Jul 2022 FMA reveals a plan and timeframe for COFI licensing
20 Jul 2022 Pacific Edge leads NZ shares higher
20 Jul 2022 Mortgage adviser wins no-loan-no-fee dispute
20 Jul 2022 New sustainable fund comes to New Zealand
20 Jul 2022 Auckland-based InsurTech firm aims for ASX listing
20 Jul 2022 How Tower is growing its adviser and referrals network
19 Jul 2022 NZ shares trade sideways during school holidays
19 Jul 2022 House prices in free fall
19 Jul 2022 Mortgage adviser wins No-Loan-No-Fee dispute
19 Jul 2022 Phenix Salon Suites brings lucrative property management franchise opportunity to NZ
19 Jul 2022 Locums strongly recommended for advisers
18 Jul 2022 NZ shares shake off inflation scare
18 Jul 2022 Inflation the big news today
18 Jul 2022 High inflation brings new challenges for home buyers
18 Jul 2022 Partners Life tells advisers more about the ‘claims squeeze’
18 Jul 2022 Wellbeing programmes aren’t just good for your health
18 Jul 2022 Answers to climate risk and housing getting closer
18 Jul 2022 Inflation hits 32 year high
15 Jul 2022 NZ shares fall as China growth slows
14 Jul 2022 NZ shares climb as investors absorb inflation data
14 Jul 2022 Don’t expect a housing market turn
14 Jul 2022 Borrowers should escape the worst despite big OCR jump – bank economist
14 Jul 2022 History may not repeat but it can rhyme
13 Jul 2022 NZ market not bothered by RBNZ hike
13 Jul 2022 RBNZ implements another big jump in the base interest rate
13 Jul 2022 Why the RBNZ hiked the OCR - again
13 Jul 2022 OCR up: What the RBNZ said
13 Jul 2022 House sales battered
13 Jul 2022 Zip lowers on lending to tradies
12 Jul 2022 Spark shares jump after selling 70% of TowerCo for $900m
12 Jul 2022 AIA teams up with online platform
12 Jul 2022 Next set of CCCFA changes complex
12 Jul 2022 Second tranche of CCCFA reform due out of the end of this month
12 Jul 2022 A cluster of ‘modest’ accounts: what KiwiSaver balances really look like
11 Jul 2022 Shares drop as investors wait for RBNZ decision
11 Jul 2022 New mortgage lending rises after plunge
11 Jul 2022 Another 50 point OCR rise forecast
11 Jul 2022 Guilty plea in mortgage fraud case
11 Jul 2022 Bank economists agree on another 50 point hike in the OCR
11 Jul 2022 FMA plans to crack down on greenwashing
08 Jul 2022 Eroad shares pick up speed for second day in a row
08 Jul 2022 New Head of Enforcement at FMA
08 Jul 2022 House prices now dropping rapidly as correction kicks in
08 Jul 2022 Fidelity Life boosts non-medical limits as part of new underwriting package
07 Jul 2022 Eroad shares on the road to recovery
07 Jul 2022 Cigna makes new board appointment
07 Jul 2022 Reaction: Day One CCCFA changes
07 Jul 2022 Investors on the back foot
07 Jul 2022 New appointment at PWA
07 Jul 2022 New CCCFA rules could lead to fictitious budgets
07 Jul 2022 Two futures for income protection cover
07 Jul 2022 More homework from the FMA for those offering investment advice
06 Jul 2022 Adviser offers digital home loan service
06 Jul 2022 Adviser launches digital home loan service
06 Jul 2022 Are we at the turning point?
05 Jul 2022 Strong day on sharemarket
05 Jul 2022 New lending option for advisers
05 Jul 2022 Prospa offers new loan option
05 Jul 2022 Why rapid advances in medicine and technology are pushing up premiums for life and health cover
05 Jul 2022 Auckland house sales plummet but prices defy expectations
04 Jul 2022 NZ shares start second half of the year more positively
04 Jul 2022 Cigna now Chubb
04 Jul 2022 Rental supply spikes while demand dwindles
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