Archive - 2022
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July 2022
02 Jul 2022 Fisher sells Master Trust business to Lifetime
01 Jul 2022 [The Wrap] The redemption of Moses
01 Jul 2022 NZ stock market finishes first half of 2022 down 18%
01 Jul 2022 UniMed picks up book of business
01 Jul 2022 Vocational Retraining - Does it work?
01 Jul 2022 Former AIA chief heads up Resolution Life
01 Jul 2022 Wealthpoint to drive growth for insurance and lending advisers
June 2022
30 Jun 2022 Eroad shares fall to all-time low
30 Jun 2022 Westpac third bank so suspend lending; How is it impacting you?
30 Jun 2022 Westpac third bank so suspend lending
30 Jun 2022 Mortgage cover in the ascendant
30 Jun 2022 Not if, but when construction starts falling
30 Jun 2022 Conduct laws finally real
30 Jun 2022 Controversial and coming soon, but how broad is COFI’s reach?
29 Jun 2022 NZ shares fall as market rally evaporates
29 Jun 2022 Flint sparks its first CEO
29 Jun 2022 ASB joins ANZ and stops low deposit loans; Loan Market loses CEO
29 Jun 2022 Loan Market CEO moves on
29 Jun 2022 Housing market top of list for severe price crash
29 Jun 2022 ASB joins ANZ in LVR cuts
29 Jun 2022 Rules for massive residential intensification only weeks away
29 Jun 2022 Pathfinder big winner
29 Jun 2022 Advisers face steeper PI premiums, free run-off cover disappears
28 Jun 2022 Sleepy day for NZ shares
28 Jun 2022 NZHL gets a new chief executive
28 Jun 2022 Former Westpac exec to head up NZHL
27 Jun 2022 OBITUARY: Controversial adviser dies at 80
27 Jun 2022 NZ sharemarket rebounds with Wall Street rally
27 Jun 2022 FMA sets its sights on cyber security: a new to-do list for embattled financial services providers
26 Jun 2022 New Code Committee members finally revealed
23 Jun 2022 Index heavyweights do the heavy lifting
23 Jun 2022 New dealer group option; Your networking event and product launch invite
23 Jun 2022 New player enters mortgage group space
23 Jun 2022 Patchy housing market shows widespread falls as well as some increases
23 Jun 2022 COFI bill plans further crackdown on sales incentives
22 Jun 2022 NZ shares fall as Eroad near all-time low
22 Jun 2022 Sustainable PIEs on menu
22 Jun 2022 Banks switch focus to refinancing
22 Jun 2022 Adviser calls on David Clark to name new appointees to code committee
21 Jun 2022 NZ shares rise as recession fears ease
21 Jun 2022 CoFI changes welcomed; ANZ takes the rates lead
21 Jun 2022 CoFI bill changes welcomed by advisers body
21 Jun 2022 Questions over new office construction
21 Jun 2022 Interest rates go higher
21 Jun 2022 The income equation: why the bond+equity solution still adds up
21 Jun 2022 Lower returns for longer; Advisers will have to work harder
20 Jun 2022 NZ shares flat as recession risk puts investors off trading
20 Jun 2022 Finzo adds compliance manager
20 Jun 2022 REVEALED: New conduct rules
20 Jun 2022 Govt softens conduct requirements for advisers
20 Jun 2022 Massey moves forward from Avanti
20 Jun 2022 Financial Services Council defends KiwiSaver after criticism
20 Jun 2022 Mortgage Express adds new adviser
20 Jun 2022 FNZ numbers revealed
17 Jun 2022 Cautious trading follows week of share market turmoil
17 Jun 2022 Pressure on interest rates to ease - possibly
17 Jun 2022 Pressure on interest rates to ease - possibly
17 Jun 2022 Twenty reasons not to abandon the housing market
17 Jun 2022 Code committee finally ‘legal’ but mystery surrounds new appointees
16 Jun 2022 NZ share market climbs as US Federal Reserve hikes interest rates
16 Jun 2022 CCCFA slows FAP progress; New CEO at Mortgage Express
16 Jun 2022 Mortgage Express gets a new, familiar, boss
16 Jun 2022 Financial services complaints body wins years-long court battle against chief ombudsman
16 Jun 2022 Uptick in litigation predicted if Insurance Contracts Bill passes in current form
15 Jun 2022 NZ shares stabilise as US Fed meets
15 Jun 2022 Housing market continues to take a battering
15 Jun 2022 OnePath and Cigna pinged by FMA
15 Jun 2022 CCCFA burden “hasn’t helped” the FAP licensing programme
14 Jun 2022 Bear market territory causes benchmark index to plummet almost 3%
13 Jun 2022 Canadian entrepreneur seeks to list crypto ETFs in New Zealand
13 Jun 2022 US inflation data sends share markets into a 'tailspin'
13 Jun 2022 Lower growth likely in GDP numbers this week
13 Jun 2022 Landlords should be focusing on higher yields
13 Jun 2022 How health insurance is bought these days
10 Jun 2022 NZ shares slip as US inflation data looms
10 Jun 2022 Banks splash the cash
10 Jun 2022 Banks splash the cash to get customers
10 Jun 2022 Asteron Life adds BDMs
10 Jun 2022 Craigs Investment Partners appoints head of strategy
09 Jun 2022 RBA's surprise hike continues to pinch bank stocks
09 Jun 2022 Seven months of profits gone
09 Jun 2022 Douglass to make a return to Magellan
09 Jun 2022 CCCFA changes to be revealed; SBS's profits up; New PI
09 Jun 2022 CCCFA changes finally revealed
08 Jun 2022 Fonterra shares jump after share buyback programme announced
08 Jun 2022 If you are frustrated with how long it takes to make an SOA, you are in good company
08 Jun 2022 New professional indemnity scheme released
07 Jun 2022 NZ shares fall as Sky TV shows its hand
07 Jun 2022 SBS bank raises profits
07 Jun 2022 Former ANZ exec joins Westpac board
07 Jun 2022 Construction activity rises
05 Jun 2022 How do we improve the retirement gap for women?
04 Jun 2022 Housing confidence crashes
03 Jun 2022 NZ shares rise as 'bad news is good news'
03 Jun 2022 Price retreat as sales escalate
03 Jun 2022 RBNZ could consider inequality as well as inflation
03 Jun 2022 New head of operations minted
03 Jun 2022 [WATCH] Now is not the time to sell an advice business
02 Jun 2022 NZ shares follow global markets movements
02 Jun 2022 Huge surge in number of properties for sale
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