Archive - 1997
Year:
2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997
Filter:
Clear Filter
December 1997
23 Dec 1997 Annual awards
23 Dec 1997 Monitoring fees under pressure
23 Dec 1997 Public Trust ownership heads for court
22 Dec 1997 Weekly briefs
18 Dec 1997 The Group of Seven win
18 Dec 1997 Independence ruling unenforced
18 Dec 1997 Todd group releases final report
17 Dec 1997 Good news on the savings front
15 Dec 1997 BT's Fowler leaves NZth
15 Dec 1997 Single advisory body still possible
15 Dec 1997 IAFP showdown inevitable now
15 Dec 1997 Weekly briefs
14 Dec 1997 Book review
11 Dec 1997 IPAC's Milky Way
08 Dec 1997 Tower plans to demutualise itself
08 Dec 1997 Weekly briefs
07 Dec 1997 Independence complaints flow
07 Dec 1997 InvestmentLink partner
05 Dec 1997 Norwich on the block
05 Dec 1997 Consumers are demanding a professional body
04 Dec 1997 Federation concept unsupported
November 1997
30 Nov 1997 Shaking the funds management tree
30 Nov 1997 Weekly briefs
28 Nov 1997 AMP Investments buys Southpac
28 Nov 1997 IAFP board on the offensive
25 Nov 1997 The merger's off
21 Nov 1997 Merger mayhem
21 Nov 1997 Weekly briefs
21 Nov 1997 Pathfinder takes off
21 Nov 1997 AMP does it
20 Nov 1997 Hot property
17 Nov 1997 Learning the American way
17 Nov 1997 NMFM goes for the quinella
17 Nov 1997 Second property offering in a week
17 Nov 1997 Weekly briefs
11 Nov 1997 The income story
11 Nov 1997 Equitilink exits retail business
06 Nov 1997 A grape investment
06 Nov 1997 New software package launched
05 Nov 1997 Kiwi trust alive
05 Nov 1997 Marriage of two firms
05 Nov 1997 Colonial outsources backoffice
03 Nov 1997 Weekly briefs
October 1997
30 Oct 1997 Securities Commission to get tough
29 Oct 1997 Sun Alliance sits in the centre
28 Oct 1997 Sovereign early market casualty
25 Oct 1997 What's going on in Hong Kong?ol
25 Oct 1997 Weekly briefs
24 Oct 1997 $3 bill wiped off market
23 Oct 1997 ASB funds launch
23 Oct 1997 Bulldoze the playing field
22 Oct 1997 Tax incentives please
21 Oct 1997 Fund rations
20 Oct 1997 Booming ten years on
16 Oct 1997 Waltus takes a raincheck
15 Oct 1997 AMP to list $500mill property trust
15 Oct 1997 Sovereign confirms listing
14 Oct 1997 TODD CALLS FOR NEW ACCORD
08 Oct 1997 AMP offers share bonanza
07 Oct 1997 Telstra prospectus registered
06 Oct 1997 Uncertainty remains with capital gains tax
06 Oct 1997 Confusion reigns with super funds
03 Oct 1997 NZRPT suspension to be lifted
03 Oct 1997 Public wants consensus
02 Oct 1997 Kerr's view
September 1997
30 Sep 1997 ANZ mixes active with passive
29 Sep 1997 Money Managers appeals independence ruling
26 Sep 1997 Blair tells politicians to stop bickering
19 Sep 1997 Active management used too loosely
18 Sep 1997 Fund managers co-operate
12 Sep 1997 Asian tigers sick
09 Sep 1997 Invest in reform process
04 Sep 1997 INDEPENDENCE DEFINED
02 Sep 1997 There's more to equity management than just active or passive08
01 Sep 1997 ANZ CONSIDERING ITS OPTIONS
August 1997
29 Aug 1997 IAFP CORPORATE MANAGERS RESIGN
26 Aug 1997 Getting on the Internet
23 Aug 1997 Public Trust Office holds hands
21 Aug 1997 Compensation for managed fund investors
19 Aug 1997 Star ratings
Latest News
[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
Banks lose KiwiSaver share
Banks lose KiwiSaver share
2 min read
Latest Comments
FE Investments in receivership
Fei , trustees still hold large of money not yet refund fully.
6 days 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.
2 weeks ago P Urbani