Archive - 2018
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August 2018
17 Aug 2018 [The Wrap] FARs just RFAs spelt differently; Invest responsibly
17 Aug 2018 Shortage reshapes Hamilton market
17 Aug 2018 Ballantyne opens up on her career
17 Aug 2018 60 basis point rate cut; Judge calls Pero relationship dysfunctional
17 Aug 2018 Kiwi managers become more responsible
16 Aug 2018 Mike Pero v Mike Pero companies – the battle continues
16 Aug 2018 NZ shares rise as Skellerup posts record profit
16 Aug 2018 Consumers expect rate rise: ASB
16 Aug 2018 Auckland a buyer's market; Financial Advice NZ puts case to minister
16 Aug 2018 FANZ sells Synergy to partner
16 Aug 2018 Caution behind muted expectations
15 Aug 2018 Foreign buyers now banned
15 Aug 2018 NZ shares rise as earnings continue; NZX gains on spec div
15 Aug 2018 REINZ data suggests
15 Aug 2018 Mike Pero and MPM back in court
15 Aug 2018 Shanks meets Faafoi
15 Aug 2018 REINZ data suggests "buyers' market" in Auckland
15 Aug 2018 Perpetual Guardian appoints head of Investment Advice
14 Aug 2018 NZ shares bounce back from Turkish sell-down, Summerset falls on mixed result
14 Aug 2018 Mike Pero v MPM $2.5 mill debt fight back in court
14 Aug 2018 Corporate Values, worth the effort?
14 Aug 2018 New Kiwibuild lending package; OCR could actually be cut
14 Aug 2018 Getting to grips with responsible investing
13 Aug 2018 NZ shares fall as Turkey woes ripple through markets; blue chips include F&P, Fletcher drop
13 Aug 2018 Kiwibank offers 90% KiwiBuild mortgages
13 Aug 2018 “Real” risk of OCR cut: Westpac
13 Aug 2018 Manawatu property man
13 Aug 2018 Article research and adviser perceptions
13 Aug 2018 NZ Funds targeting clients' points of pain
13 Aug 2018 Consumers will accept fitness trackers if they get a good discount: Study
10 Aug 2018 NZ shares up broadly on dollar weakness, TradeMe and A2 gain while Fonterra sinks
10 Aug 2018 [The Wrap] RFAs on notice; Ballantyne tells her story; Blunder - A book on DYF and RIF
10 Aug 2018 ANZ appoints new Aust equities manager
10 Aug 2018 Failure to provide heating costs
10 Aug 2018 One curious change
10 Aug 2018 Fidelity Life appoints key partnerships boss
10 Aug 2018 Advisers offered scholarship to upskill
10 Aug 2018 Asteron Life not sold with Australian business
09 Aug 2018 Ross investors upset at distribution plan
09 Aug 2018 NZ shares up as dollar weakens on OCR track, Pushpay, Skycity gain
09 Aug 2018 FMA: Adviser licensing will be a challenge
09 Aug 2018 Reserve Bank springs surprise with dovish OCR forecast
09 Aug 2018 Reserve Bank springs surprise with dovish OCR forecast
09 Aug 2018 Here's what RB governor Orr said today
09 Aug 2018 What the bank said: OCR unchanged and to stay low for longer
09 Aug 2018 [GRTV] Richard James reflects on the past 10 years at NZ Funds
08 Aug 2018 NZ shares drop as Pushpay weakens further while Skycity gains on earnings
08 Aug 2018 Watch RBNZ's MPS announcement live
08 Aug 2018 Proof rent can be paid crucial
08 Aug 2018 Wearable devices: The promise and the reality for insurance
08 Aug 2018 ANZ scraps staff sales incentives
08 Aug 2018 AMP profits down, but result solid
08 Aug 2018 Slow rise for Auckland rents
08 Aug 2018 Bluestone gets a new BDM
08 Aug 2018 Conduct, not law, best way to deal with commission: FMA
08 Aug 2018 Rate hike challenge looming
08 Aug 2018 HSBC does it again with significant rate cuts
08 Aug 2018 Simplicity in the black after two years
08 Aug 2018 Over-60s retain health cover
07 Aug 2018 Avanti product changes; Officials respond
07 Aug 2018 Aussie report calls for end of trail commission
07 Aug 2018 Avanti makes major home loan changes
07 Aug 2018 Here's what officials thought of FSLAB submissions
06 Aug 2018 nib expands its travel insurance business
06 Aug 2018 Revealed: What MBIE told MPs about financial advice
06 Aug 2018 How to profit from the new plan
06 Aug 2018 A breach of trust? Private asset ownership in KiwiSaver
06 Aug 2018 Select committee guidance revealed
06 Aug 2018 nib: Website criticism gave us a boost
03 Aug 2018 [The Wrap] Advisers put on the (f)SLAB by MPs
03 Aug 2018 Mortgage fraudsters jailed
03 Aug 2018 Auckland sales, listings down
03 Aug 2018 OCR Preview; What's likely to happen next week
03 Aug 2018 OCR preview: Reserve Bank tipped to remain cautious
03 Aug 2018 Bed tax diminishes value of Airbnb rentals
03 Aug 2018 NZ Trustee Services appoints new GM
03 Aug 2018 CWG: Code change not major overhaul
02 Aug 2018 The Big Risk: The Creditors' Revolt
02 Aug 2018 Banks being more fussy; FSLAB outcome slammed
02 Aug 2018 Tenant turnover trending down
02 Aug 2018 FNZ shareholders eye sale
02 Aug 2018 Beattie steps back from top job at Booster
02 Aug 2018 FSLAB consultation 'waste of time'
02 Aug 2018 Milford's fee income income increases 31%
01 Aug 2018 Mike Pero Mortgages boss warns of “forensic underwriting”
01 Aug 2018 General Finance stock market listing moves closer
01 Aug 2018 Fidelity Life offers relief to M. bovis farmers
01 Aug 2018 Strength in lower-end of market
01 Aug 2018 Select Committee told: Could do better
01 Aug 2018 Select Committee told: Could do better
01 Aug 2018 Stock on market falls further
July 2018
31 Jul 2018 FSC awards open
31 Jul 2018 Committee proposes FSLAB changes
31 Jul 2018 Development fraudsters guilty
31 Jul 2018 Consents down yet construction growth forecast
31 Jul 2018 Committee proposes FSLAB changes
31 Jul 2018 [GRTV] Former NZ Funds Management chief executive Richard James
31 Jul 2018 Partners Life records strong profit
31 Jul 2018 nib backs controversial TripAdvisor of healthcare site
31 Jul 2018 Advisers 'struggle to balance regulator and client'
Latest News
Can AI pick the best KiwiSaver provider?
Can AI pick the best KiwiSaver provider?
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[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
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NZX aims for 5% of KiwiSaver market in three-to-five years
NZX aims for 5% of KiwiSaver market in three-to-five years
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Trust in AI’s decision making not keeping pace with adoption
Trust in AI’s decision making not keeping pace with adoption
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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?
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.
3 weeks ago P Urbani