Archive - 2017
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June 2017
29 Jun 2017 Adviser returns to MortgageLink
29 Jun 2017 PAA slams banks for undermining advisers
29 Jun 2017 New meth decontamination levels revealed
29 Jun 2017 Thursday news in brief
29 Jun 2017 Funding lack puts apartments at risk
29 Jun 2017 Hundreds of would-be advisers sign up
29 Jun 2017 Working group 'completely irresponsible'
29 Jun 2017 New robo service 'NZ's smartest financial adviser'
29 Jun 2017 Getting to Know: Wayne Smith
28 Jun 2017 Insulation wake-up call
28 Jun 2017 KiwiSaver could better serve low-income earners: AMP
28 Jun 2017 Investor lending decline continues (+GRAPH)
27 Jun 2017 Younger investors rate responsible investment: Fisher Funds
27 Jun 2017 Code working group ignores sector: FSF
27 Jun 2017 Six great ways to maximise property value
26 Jun 2017 Reforming the EQC
26 Jun 2017 Unhappy Customers
26 Jun 2017 Churn work takes next step
26 Jun 2017 Levy change could mean more cost for clients
26 Jun 2017 Selecting a sector
23 Jun 2017 Public Trust to lose guarantee
23 Jun 2017 Getting to Know: Bruce Cortesi
23 Jun 2017 Rising build costs bad news
23 Jun 2017 Robo: Get behind, or get left behind
23 Jun 2017 Time to rebrand trauma: IFSO
23 Jun 2017 Legislation date confused: MBIE
22 Jun 2017 Review of insurance contracts law coming - but what will it cover?
22 Jun 2017 OCR held, but for how long?
22 Jun 2017 Thursday news in brief
22 Jun 2017 QROPS adviser breached code: FADC
22 Jun 2017 Avanti creates new role and fills from a competitor
22 Jun 2017 Game of watch and wait for OCR
22 Jun 2017 Sale of trustee business Complectus falls
22 Jun 2017 OCR held again - here's what RBNZ had to say
22 Jun 2017 OCR held again - here's what RBNZ had to say
22 Jun 2017 No change to OCR - again
22 Jun 2017 Advisers told: Speak now if you want your voice heard
22 Jun 2017 Migration boom continues
21 Jun 2017 UDC vote approves trust deed change
21 Jun 2017 New code working group: your future's in their hands
21 Jun 2017 Roboadvice is coming
21 Jun 2017 It's payday for The Co-operative Bank customers
21 Jun 2017 Next phase of AML might mean more work for advisers
21 Jun 2017 Northern rents booming - but not for all
20 Jun 2017 Investment advice for high-net-worth clients - or a Ponzi scheme?
20 Jun 2017 SBS produces the goods
20 Jun 2017 SBS produces record result
20 Jun 2017 FMA appoints board member
20 Jun 2017 Financial Advice NZ: What's really new?
20 Jun 2017 Affordability measure proves more houses needed
19 Jun 2017 FSC launches new awards
19 Jun 2017 TSB's close to market leading rate; OCR preview
19 Jun 2017 Traditional balanced funds - return free risk?
19 Jun 2017 Focus on bank sales may be good news for advisers
19 Jun 2017 Hard road to success
16 Jun 2017 Stubbs on attack with fee calculator
16 Jun 2017 Verdict in on this week's OCR call
16 Jun 2017 Getting to Know: Claire Matthews
16 Jun 2017 11 is the magic number for Westpac
15 Jun 2017 'Crushing' penalty sought in Warminger case
15 Jun 2017 Building for the future
15 Jun 2017 Is the writing on the wall for handwritten loan apps?
15 Jun 2017 FMA proposal criticised by fund managers
15 Jun 2017 Thursday news in brief
14 Jun 2017 Stand-down period sparks complaint
14 Jun 2017 Mortgage Express adds another adviser
14 Jun 2017 Full steam ahead for Three Kings development
14 Jun 2017 Units buck slowing trend
14 Jun 2017 Subdued market more balanced
14 Jun 2017 KiwiSaver contribution decision a missed opportunity
13 Jun 2017 Harris moves to Pie
13 Jun 2017 Reigning in Wellington landlords
13 Jun 2017 Stretched valuations make allocation decisions harder: Researcher
13 Jun 2017 Match racing: NZ PIE funds vs US ETFs
12 Jun 2017 Taskforce reveals way forward for Auckland
12 Jun 2017 Mark Weaver has died
12 Jun 2017 TSB's profit falls and some rates rise
12 Jun 2017 Give advisers something to be proud of: Dodds
12 Jun 2017 It’s CRUNCH TIME on the property clock
11 Jun 2017 TSB lends through Harmoney
11 Jun 2017 TSB sees big profit fall
09 Jun 2017 Getting to Know: Russell Hutchinson
09 Jun 2017 Westpac scraps online app process
09 Jun 2017 Advisers told to take more care with PI cover
09 Jun 2017 Accuro launches online application tool
09 Jun 2017 Stand out global performer
08 Jun 2017 FMA outlines fee methodology
08 Jun 2017 AIA rejoins FSC
08 Jun 2017 DTIs would cut thousands out of market
08 Jun 2017 Innovative Securities loses appeal
08 Jun 2017 Behavioural insights change KiwiSaver behaviour
08 Jun 2017 Thursday news in brief
08 Jun 2017 Government signals more KiwiSaver changes possible
07 Jun 2017 Saturn appoints director
07 Jun 2017 New Zealand not affected by AIA launch
07 Jun 2017 Inner city apartment initiative for Capital
07 Jun 2017 Fund infrastructure differently - ASB
07 Jun 2017 $2m ANZ KiwiSaver processing error to be fixed
07 Jun 2017 Aon rolls out SuiteBox across adviser network
07 Jun 2017 'Inappropriate' incentives contentious
Latest News
Advisers hope AI widens market
Advisers hope AI widens market
2 min read
Koura reports another loss
Koura reports another loss
1 min read
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
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.
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