Archive - 2021
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August 2021
05 Aug 2021 Trading session left unfinished as NZX halts market
05 Aug 2021 Consilium appoints former MP to its board
05 Aug 2021 KiwiSaver rides the waves
05 Aug 2021 FSCL case highlights need for better record keeping
05 Aug 2021 Landlords given latitude over family violence and assaults
05 Aug 2021 Online investing platforms - breaking barriers, transforming attitudes
04 Aug 2021 Sticky investment for Pathfinder
04 Aug 2021 2000 new investors flock to latest commercial property deal
04 Aug 2021 NZ shares up as labour data shows economy running hot
04 Aug 2021 Award-winning exec joins Aurora
04 Aug 2021 Milford remains the gorilla of the funds management industry; others bleed
04 Aug 2021 Vendor demands heighten risk for movers
04 Aug 2021 Tenants refuse property viewing
03 Aug 2021 Logistics stocks led NZ shares marginally lower
03 Aug 2021 Tower hits the water with boat insurance offering
03 Aug 2021 $10k scholarship for insurance professionals opens
03 Aug 2021 Reserve Bank gets serious about 'risky lending'
03 Aug 2021 Income protection: Why taxable losses are not the right advice
03 Aug 2021 Companies office deregisters 458 FSPs
02 Aug 2021 Big growth stocks lead NZ shares higher
02 Aug 2021 nib campaign offers free cover for kids
02 Aug 2021 Stock shortages, prices boom
02 Aug 2021 Valuation issues worsen
01 Aug 2021 Once in a lifetime business - Take two
July 2021
31 Jul 2021 Changes at T Rowe Price
30 Jul 2021 NZ shares surrender yesterday’s gain
30 Jul 2021 House prices continue to ease
30 Jul 2021 FSCL case highlights clawback danger
30 Jul 2021 Fisher Funds donates $500k to mental health charities
30 Jul 2021 Tribunal: Tenants’ bond ‘kept in a tin’
29 Jul 2021 Mainfreight surges to $83
29 Jul 2021 FSCL case highlights clawback danger
29 Jul 2021 AIA admits to fair dealing breaches - could face $700k fine
29 Jul 2021 FMA releases cyber-safety fact sheet
29 Jul 2021 ICBC cuts 6 month rate, raises others
28 Jul 2021 Regulation fears spill into currency markets
28 Jul 2021 Canstar's top five Kiwi health insurers
28 Jul 2021 Commercial property sales booming
28 Jul 2021 Kiwis concerned about retirement savings
28 Jul 2021 FMA pings adviser for unauthorised advice
28 Jul 2021 SBS plans first home buyer product; Property market turning?
28 Jul 2021 SBS plans new first home buyer product
28 Jul 2021 PI scheme cover extended due to IT issues
27 Jul 2021 a2 Milk drops another 4% on regulation risk
27 Jul 2021 FMA issues scam warning
27 Jul 2021 Consultation opens for rollout of Financial Market Infrastructure Act
27 Jul 2021 Clients switching to three-year terms; Lending hits $8.5 bn in June
27 Jul 2021 How overpaying claims leads to product innovation
27 Jul 2021 Clients switching to three-year terms
27 Jul 2021 CoFI debate back on agenda
26 Jul 2021 a2 shares plunge as Chinese regulator flexes its muscles
26 Jul 2021 Mortgage lending boom continues through June
26 Jul 2021 Prospa NZ business soars
26 Jul 2021 House prices close to turning
26 Jul 2021 Auckland feels effect of LVR limits
26 Jul 2021 Input from insurers on solvency standards
25 Jul 2021 Eye-watering price growth in Wellington
24 Jul 2021 [GRTV] Time for a new code for managers
23 Jul 2021 NZ shares rise on 'covid-fear trade'
23 Jul 2021 Prospa prospers with fourth-quarter growth
23 Jul 2021 Underwriting delays for nib special offer
23 Jul 2021 Valuation profession adapts
23 Jul 2021 Valuation profession adapts
23 Jul 2021 Consumer data right goes to Parliament
22 Jul 2021 Shares drift sideways as RBNZ bond buying ends
22 Jul 2021 Valuation profession adapts and changes
22 Jul 2021 Accountants slam interest deductibility changes
22 Jul 2021 Accountants slam interest deductibility changes
22 Jul 2021 Murder House memories: why KiwiSaver investors need to brush-up on good financial habits
22 Jul 2021 FMA report slams insurers
21 Jul 2021 NZ shares climb while covid variant still looms large
21 Jul 2021 Council of Financial Regulators website goes live
21 Jul 2021 Flood claims cost almost $45 million
21 Jul 2021 Client concern over rising interest rates
21 Jul 2021 Cryptocurrency; Advisers wary but must evolve
20 Jul 2021 NZ shares recover early losses
20 Jul 2021 Client concern over rate rises
20 Jul 2021 FMA focus - Money laundering, cybercrime, disclosure and more
20 Jul 2021 The FSPR is moving in directions we haven’t discussed
20 Jul 2021 Westpac drops KiwiSaver fees
20 Jul 2021 Higher rates look inevitable
20 Jul 2021 ASB joins AMP on the BlackRock bandwagon
19 Jul 2021 More ships dock at Harbour
19 Jul 2021 Shares slide as covid continues to wreak havoc
19 Jul 2021 Economists lean towards OCR hike next month
19 Jul 2021 FMA publishes annual corporate plan
19 Jul 2021 AIA grant helps Tools Down with tradies' mental health
19 Jul 2021 Challenger banks hike rates; Small investors pull back
19 Jul 2021 Small investors pull back
18 Jul 2021 A good year minted
16 Jul 2021 Share market shuffles sideways as inflation soars
16 Jul 2021 Compliance Refinery expands
16 Jul 2021 Kiwibank cuts two-year rate, raises others
16 Jul 2021 LVRs kicking in for Auckland house prices
16 Jul 2021 Rate hikes: ANZ, BNZ and Westpac follow ASB
16 Jul 2021 Banks keen on crypto conversation
15 Jul 2021 Kiwi dollar hangs onto gains after RBNZ boost
15 Jul 2021 Woman loses over $100k in Forex scam
15 Jul 2021 OCR reaction: higher interest rates tipped for next month
15 Jul 2021 New independent director for Craigs IP
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