Archive - 2019
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August 2019
12 Aug 2019 ANZ, BNZ rate cuts; FMA warns on licensing
12 Aug 2019 Chicken Little and the falling sky
12 Aug 2019 FMA boss tells RFAs the clock is ticking and they better hurry up
12 Aug 2019 Advisers call for servicing test rethink for borrowers
11 Aug 2019 Regulation of custody sector remains undecided
09 Aug 2019 [The Wrap] AMP lays out a bold future plan. Will it work?
09 Aug 2019 Sharemarket edge lower as investors await earnings season
09 Aug 2019 AMP completes capital raising
09 Aug 2019 Southern Cross recognised
09 Aug 2019 New Southern Cross CEO; Nelson Building Society rate cut
09 Aug 2019 Improvements in affordability nationwide
09 Aug 2019 Southern Cross names new CEO
08 Aug 2019 Advisers' ESG consideration blew our minds: Morningstar
08 Aug 2019 Kathmandu produces 'ripper' result
08 Aug 2019 Prospa raises $45 million for NZ funding
08 Aug 2019 Rate cut bonanza begins
08 Aug 2019 OCR cut could prompt housing market upturn
08 Aug 2019 AMP revises Resolution Life deal, further plans to spin off NZ wealth business
08 Aug 2019 Banks slash rates after historic OCR cut
08 Aug 2019 OCR will fall further: economists react to shock cut
07 Aug 2019 Default KiwiSaver scheme set for overhaul
07 Aug 2019 Kloogh's clients' missing $8 million
07 Aug 2019 Asteron reports lift in profit
07 Aug 2019 NZ shares climb as rate cut stokes demand for yield stocks; Mercury gains
07 Aug 2019 Reserve Bank surprises markets with 1% OCR
07 Aug 2019 OCR decision revealed
07 Aug 2019 Tenants need to know about insurance
07 Aug 2019 ASB lifts annual profit 8% but says underlying growth was subdued
07 Aug 2019 Official Cash Rate decision looms; Auckland prices fall
07 Aug 2019 KiwiWealth takes aim at Simplicity
07 Aug 2019 Affordability key to value growth
07 Aug 2019 Dealer groups face future without overrides
07 Aug 2019 Why are Australian banks investing in nuclear weapons companies?
07 Aug 2019 Tribunal fines landlord for insulation fail
06 Aug 2019 OnePath to disappear
06 Aug 2019 NZ market dives on escalating US-China trade war
06 Aug 2019 Share NZ appoints Compliance and Training Manager
06 Aug 2019 3 reasons SMEs struggle to get finance
06 Aug 2019 Talk of 0.75% OCR grows
06 Aug 2019 MyFiduciary signs big new client
05 Aug 2019 Health Funds shrugs off conduct scrutiny as insured numbers grow
05 Aug 2019 Milk shares droop on trade tensions; Local market follows Asia lower
05 Aug 2019 OCR will fall to 0.75%: Kiwibank
05 Aug 2019 Sir Brian Lochore remembered by financial advisers
05 Aug 2019 SBS cuts rates; OCR set to fall
05 Aug 2019 Investor confidence in property softens
05 Aug 2019 Ageing bull market may have longer to run: AMP Capital
04 Aug 2019 Greens renew call for tougher tenancy laws
02 Aug 2019 NZ stocks edge higher, led by Contact; Asian markets slide
02 Aug 2019 Banks, insurers' complacency 'hard to comprehend' - FMA
02 Aug 2019 Economists unanimous on rate cut
02 Aug 2019 Avanti hires south island regional manager
02 Aug 2019 Lower prices driving Auckland sales
02 Aug 2019 Newpark adjusts for new regime
02 Aug 2019 Partners Life gets its chief underwriter back
02 Aug 2019 Nikko: Young people active investors
01 Aug 2019 NZ shares mixed, weighed by A2 Milk, Tourism Holdings
01 Aug 2019 Fidelity Life updates pricing
01 Aug 2019 How junk is junk insurance and why should you care?
01 Aug 2019 Newpark in discussions with banks on new regime
01 Aug 2019 Mint gets responsibility tick
01 Aug 2019 Rates up at Heretaunga; General Finance growth plans
01 Aug 2019 Pushing up the national average price
01 Aug 2019 KiwiSaver 'as good as it gets'
July 2019
31 Jul 2019 Woes around the building sector weigh on market
31 Jul 2019 Ethical investing on human rights grounds 'too hard' - Simplicity
31 Jul 2019 AIA celebrates gender diversity
31 Jul 2019 The search for young talent starts
31 Jul 2019 Mixed bag in Partners results: Profit down, market share up
31 Jul 2019 Pace of rent growth slows in Super City
31 Jul 2019 Co-Operative Bank slashes rates
31 Jul 2019 Investors shake off bad publicity
30 Jul 2019 Growth stocks do well v electricity ones
30 Jul 2019 General Finance doubles loan book
30 Jul 2019 Auckland consents hit all time high
30 Jul 2019 COMMENT: The coming rental housing crisis
30 Jul 2019 Maple-Brown Abbott appoints new lead
30 Jul 2019 Could the Official Cash Rate fall to 0.75%?
30 Jul 2019 Investors want protection, but how?
29 Jul 2019 NZ shares rise as A2 buoyed by Bubs result
29 Jul 2019 OCR cut almost certain: BNZ
29 Jul 2019 Rental stock can’t match demand
29 Jul 2019 Kiwibank loan rates fall again
29 Jul 2019 AIA and Sovereign products merged into one
29 Jul 2019 Time to exit unnecessary fees
29 Jul 2019 Buoyant in the South
28 Jul 2019 Fund passport coming
28 Jul 2019 Milford records big increase in fee income
26 Jul 2019 Market ends week lower; Sky TV and A2 fall
26 Jul 2019 Southern Cross – service or not?
26 Jul 2019 New tenant damage, meth measures are only partial solutions
26 Jul 2019 [The Wrap] A true picture of financial advice about to be painted
26 Jul 2019 Coon brothers insurance start-up gets big funding boost
26 Jul 2019 Trust law reform gets green light
26 Jul 2019 ASB makes rate changes
26 Jul 2019 Transitional licence not a free ride
26 Jul 2019 FSC appoints disciplinary committee
25 Jul 2019 NZ shares resume march higher as A2 hits record; Gentrack sinks
25 Jul 2019 Tenants liable for careless damage – to a point
25 Jul 2019 Fixed rates to fall further: Westpac
Latest News
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
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
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