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November 2020
24 Nov 2020 NZ investors targeted by scammers: Why advisers need to take note
23 Nov 2020 NZ shares rally as retail data rebounds
23 Nov 2020 Tough conditions for first home buyers
23 Nov 2020 Tough conditions for first home buyers
22 Nov 2020 [The Wrap] What to make of changes in dealer group land
20 Nov 2020 NZ shares fall on Ryman result and strong currency
20 Nov 2020 Pathfinder wins big at the 2020 Sustainable Business Awards
20 Nov 2020 AMP's move to passive creates opportunities for active managers
20 Nov 2020 Industry calls for Welcome Home Loan changes; BNZ axes branches
20 Nov 2020 Professional indemnity insurance: What advisers need to know
19 Nov 2020 Hawkes Bay adviser joins Milestone
19 Nov 2020 Tourism Holdings leads second fall for NZ shares
19 Nov 2020 Harmoney floats
19 Nov 2020 Industry keen for Welcome Home Loan changes
19 Nov 2020 SHARE and Newpark confirm merger; Countdown to healthy homes
19 Nov 2020 BNZ to shut 38 branches
19 Nov 2020 FMA seeks consultation on proposed guidance for advertising
18 Nov 2020 A2 Milk ends 11-day share market rally
18 Nov 2020 SHARE confirms Newpark acquisition
18 Nov 2020 SHARE confirms Newpark acquisition
18 Nov 2020 Newpark sold to surprise buyer; NZFSG-Kepa merger closes; Big bank broker boss retires
18 Nov 2020 Newpark sold to a surprise buyer
18 Nov 2020 Newpark sold to a surprise buyer
18 Nov 2020 Select Wealth Management launches adviser focused KiwiSaver scheme
18 Nov 2020 NZFSG-Kepa finalise merger
17 Nov 2020 Second vaccine sees investors eye recovery
17 Nov 2020 New director appointed to Lifetime board
17 Nov 2020 Liberty Financial plans IPO; How low will mortgage rates go?
17 Nov 2020 Liberty Financial plans stock market float
17 Nov 2020 First quarter claims rise, nib report
17 Nov 2020 Just 14 days until new healthy homes standards kick in
17 Nov 2020 PRI’s updated framework a challenge for responsible investors
16 Nov 2020 Fidelity Life dials up new tech
16 Nov 2020 NZ shares and dollar rise as optimism lingers
16 Nov 2020 How low will one and two-year rates go?
16 Nov 2020 New Loan Market CEO; Will we get negative rates?; ANZ brings back LVRs
16 Nov 2020 Perception of conflict of interest serious as the real thing
16 Nov 2020 Why negative rates might not be needed
15 Nov 2020 [The Wrap] Are banks heading for the advice exit door?
13 Nov 2020 F&P Healthcare drives gain as investors hedged on pandemic
13 Nov 2020 Loan Market names new CEO
13 Nov 2020 ANZ reintroduces investor LVRs
13 Nov 2020 Does liability for advice stop when clients are sold?
13 Nov 2020 ASB slashes rates, brings back investor LVRs; Advisers divided on LVR return
13 Nov 2020 Westpac and Forsyth Barr confirm strategic partnership
12 Nov 2020 Big bank broker boss retires
12 Nov 2020 Shares flat as volatile prices settle
12 Nov 2020 ASB brings back investor LVRs
12 Nov 2020 Financial Advice NZ and FMA partner to launch full licensing application guide
12 Nov 2020 New Zealand death rates low, despite Covid-19
12 Nov 2020 Advisers divided on LVR return
12 Nov 2020 Have the odds of a negative OCR fallen?; Orr defends LVR decision
12 Nov 2020 Does New Zealand really need four dispute resolution schemes?
11 Nov 2020 Dollar soars as investors price out negative cash rate
11 Nov 2020 Orr has no regrets on scrapping LVR limits
11 Nov 2020 Economists react to bank funding programme
11 Nov 2020 OCR decision revealed
11 Nov 2020 Reserve Bank looks to bring back lending restrictions
11 Nov 2020 LVR limits set to return; Bank capital rules delayed; How will RBNZ push down rates?
11 Nov 2020 LVR limits set to return
11 Nov 2020 What is the Reserve Bank's new plan to cut interest rates?
11 Nov 2020 Bank capital rules delayed until 2022
11 Nov 2020 Biden win boosts potential ESG boom
10 Nov 2020 Vaccine hopes prompt rotation into hardest hit covid stocks
10 Nov 2020 Southern Cross/ProCare partnership opens up virtual GP service
10 Nov 2020 Heartland 2.5% floating rate; ASB using DTI test; Pepper promise
10 Nov 2020 Adviser consultancy firms say full licensing provisions bring mandate for change
10 Nov 2020 ASB using debt-to-income ratios
09 Nov 2020 NZX 50 hits record; kiwi dollar at 18-month high
09 Nov 2020 Pepper makes trail pledge
09 Nov 2020 Heartland online floating rate falls to 2.5%
09 Nov 2020 OCR preview survey: what will the Reserve Bank do?
09 Nov 2020 [Obituary] Fred Dodds
09 Nov 2020 Elections, Covid waves come to the fore
09 Nov 2020 OCR to remain on hold: economists
06 Nov 2020 FNZ forced to sell GBST
06 Nov 2020 Synlait leads post election rally
06 Nov 2020 Tribunal divvies up blame in maintenance ruling
06 Nov 2020 [UPDATED] Full licensing rules finally released
06 Nov 2020 TSB undercuts big banks; Cashbacks back
06 Nov 2020 It’s inflation Jim but not as we know it
06 Nov 2020 Cash backs are back
06 Nov 2020 Billion dollar baby
05 Nov 2020 Equities markets rallied despite US election uncertainty
05 Nov 2020 ASB pulls in branches to help with applications; FMA gets into fintech
05 Nov 2020 COMMENT: The importance of correct structuring
05 Nov 2020 ASB using branches for broker applications
05 Nov 2020 FMA appointments reflect serious move into fintech space
04 Nov 2020 Kiwi falls as US blue wave falters
04 Nov 2020 UniMed announces new chief executive
04 Nov 2020 Billion dollar baby; Businesses finding it tough
04 Nov 2020 Strong market attracting investors
04 Nov 2020 Auckland’s average price now $1million plus
04 Nov 2020 Long Covid case highlights a new challenge for the insurance industry
04 Nov 2020 Businesses doing it tough
04 Nov 2020 FileInvite raises $2.3 million to target US financial services customers
04 Nov 2020 'Advisers take note' RIAA welcome sustainable finance roadmap
03 Nov 2020 Australian rate cut fuels NZ shares
03 Nov 2020 New board member announced at FSCL
03 Nov 2020 ANZ Bonus Bonds scheme now in wind up
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Latest Comments
FE Investments in receivership
Fei , trustees still hold large of money not yet refund fully.
2 weeks 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.
2 weeks 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.
3 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