Archive - 2018
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July 2018
30 Jul 2018 Record winter rent growth
30 Jul 2018 Hobson Wealth Partners makes appointments
30 Jul 2018 First no-fee home-owner's loan
30 Jul 2018 Southern charms
30 Jul 2018 Six-step process
30 Jul 2018 No clear reason for KiwiSaver success
30 Jul 2018 Advisers need to take stand in industry: Cliffe
30 Jul 2018 Reasonableness on non-disclosure needed
27 Jul 2018 [The Wrap] Gotta love disruption; New life for old war horse; What we weren't meant to tell you about
27 Jul 2018 Active discussion on sale of AMP NZ under way
27 Jul 2018 Squirrel launches no-fee personal loans
27 Jul 2018 Deutsche Craigs takes gong
27 Jul 2018 Overseas buyers in 22% inner Auckland sales
27 Jul 2018 Lending and changes quieter; New appointments
27 Jul 2018 From wine to KiwiSaver
27 Jul 2018 Proposed code will devalue advice: Tate
27 Jul 2018 Higher meth test levels, lower premiums
26 Jul 2018 Ombudsman sees drop in mortgage cases
26 Jul 2018 National signals opposition to monetary policy changes
26 Jul 2018 BNP joins Responsible Investment Association
26 Jul 2018 Tariff Wars
26 Jul 2018 Retirees face significant shortfall
25 Jul 2018 Mortgage lending falls in June
25 Jul 2018 No insulation grants for landlords
25 Jul 2018 Which QFEs in FMA's sights?
25 Jul 2018 AMP set degree level as minimum standard
25 Jul 2018 Botherway takes on new role
25 Jul 2018 Code Working Group gets adviser input
24 Jul 2018 Pie Funds joins KiwiSaver market with low fee model
24 Jul 2018 Sovereign top brass take charge at AIA
24 Jul 2018 Nikko appoints new board chair
24 Jul 2018 Mortgage Express adds experience to Auckland office
24 Jul 2018 Blue ink from nib pen
24 Jul 2018 Mortgage groups divided on Code proposals
24 Jul 2018 Managers get benchmark leeway
24 Jul 2018 QuayStreet makes SRI changes
24 Jul 2018 Clients wait longer for income payouts
23 Jul 2018 Former Morningstar boss appointed to lead board
23 Jul 2018 Dealer groups divided on Code
23 Jul 2018 Selling a bit less than ideal
23 Jul 2018 Meth report bombshell: what it means
23 Jul 2018 Bank fund managers 'conflicted on exclusions'
22 Jul 2018 Charles River bought by State Street
20 Jul 2018 [The Wrap] Next round for CWG; Hat tip to group of AFAs; At least sunlight on QFEs
20 Jul 2018 Research boss moves on
20 Jul 2018 Migration flow lowest since late 2015
20 Jul 2018 Advisers want changes to Code Working Group proposals
20 Jul 2018 Submitters criticise code suggestions
19 Jul 2018 High-charging non-bank lenders revealed
19 Jul 2018 KiwiBuild success would slow market - TMP
19 Jul 2018 ANZ backs group of AFAs
19 Jul 2018 Advisers vindicated in latest report
18 Jul 2018 Small banks growth outpace big banks
18 Jul 2018 QFEs fail on replacement business practices: FMA
18 Jul 2018 Patten on his new role with NZFSG; Co-op rate change
18 Jul 2018 nib partners with Ronald McDonald House
18 Jul 2018 Advisers wouldn't get away with it
18 Jul 2018 Commission model swaps one problem for another: Ballantyne
18 Jul 2018 Patten takes down broking shingle after 16 years
18 Jul 2018 Bank profits under pressure - KPMG
18 Jul 2018 Advisers 'reluctant' to invest in marketing
17 Jul 2018 Soft market due to more than winter chill
17 Jul 2018 Owner-occupiers better protected; Latest house price stats
17 Jul 2018 Q&A with PM Capital CIO Paul Moore
17 Jul 2018 To be or not to be? (A Conglomerate)
17 Jul 2018 Owner occupiers better protected now: RBNZ (+ Report)
17 Jul 2018 Group of AFAs tackles KiwiSaver problems
17 Jul 2018 Ross liquidators: No end in sight
17 Jul 2018 Capital Group signs NZ deal
16 Jul 2018 How automated is your business?
16 Jul 2018 It makes sense to rent
16 Jul 2018 Regulation 'should not drive business structure'
13 Jul 2018 ANZ appoints two Business Development Managers
13 Jul 2018 Govt steps up building programme
13 Jul 2018 Crazy rental plans proposed
13 Jul 2018 Flawed rental policy not the answer
13 Jul 2018 Hobson Wealth Partners fills ranks
13 Jul 2018 Consumer feedback 'good reminder'
12 Jul 2018 Top chair finally filled at Trustees Executors
12 Jul 2018 Rental “fix” plan not realistic
12 Jul 2018 Financial advisers can help boost confidence: FMA
12 Jul 2018 An update on meth standards
12 Jul 2018 Tribunal sticks to existing meth standard
12 Jul 2018 Effective disclosure requires better financial literacy
11 Jul 2018 Real estate agent admits Izone Park fraud
11 Jul 2018 Housing infrastructure loans announced
11 Jul 2018 New chief investment officer for ANZ Investments
11 Jul 2018 The one-bank trap for investors
11 Jul 2018 Proposed commission model 'cross-subsidisation'
11 Jul 2018 Time for 'green' classification system
10 Jul 2018 TSB heroes 18-month rate
10 Jul 2018 Chill Out, it’s Just a Stress Test
10 Jul 2018 [GRTV] Index funds 'saving millions in fees'
10 Jul 2018 [GRTV] The case for index funds
09 Jul 2018 [GRTV] The case for index funds
09 Jul 2018 Potential payday for purchasers of Tower book
09 Jul 2018 Another DIMS licence granted
09 Jul 2018 [GRTV] Meet Financial Advice NZ CEO Katrina Shanks
09 Jul 2018 TSB reveals new CEO
09 Jul 2018 Inner Auckland rising star
Latest News
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
Trust in AI’s decision making not keeping pace with adoption
Trust in AI’s decision making not keeping pace with adoption
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?
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