Archive - 2002
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December 2002
30 Dec 2002 Tower buyer remains a mystery
30 Dec 2002 Gallacher becomes Mercer principal
24 Dec 2002 Insurance and Superannuation Unit
24 Dec 2002 New Morningstar boss
24 Dec 2002 Teachers given more choice
24 Dec 2002 Oh! What a year
23 Dec 2002 Housing market continues to bubble
23 Dec 2002 Summer Rentals: Renting out your own home; Nelson
23 Dec 2002 Building societies no shrinking violets
20 Dec 2002 Housing market continues to bubble
20 Dec 2002 Minto confirmed as head
20 Dec 2002 Three funds put on hold
19 Dec 2002 Returns on NZ Super fund cut
19 Dec 2002 NZSE indices get early holiday
18 Dec 2002 Kiwibank to use brokers
18 Dec 2002 Kiwibank to use brokers
17 Dec 2002 Guardians advance their thinking on investing the fund
17 Dec 2002 Offshore buyers push up Queenstown property values
17 Dec 2002 ING new recruit
17 Dec 2002 Speculation about JB Were
16 Dec 2002 Avoiding litigation
16 Dec 2002 Simple but effective
16 Dec 2002 Better business practices means better business
16 Dec 2002 Bluestone arrives in NZ
15 Dec 2002 News Round Up
13 Dec 2002 Quarterly survey to continue - for now
12 Dec 2002 Financial advisers regime to be strengthened
12 Dec 2002 Followers of style
12 Dec 2002 First NZ Capital and Securities become one
11 Dec 2002 Wanted to rent: any home, anywhere
11 Dec 2002 Stand-off in Auckland property boom
11 Dec 2002 Who will lead Tower?
11 Dec 2002 Kiwibank's lending conservative: Knowles
10 Dec 2002 Cullen gives lesson on diversification
10 Dec 2002 Rental Shortage: Hawera, New Plymouth
10 Dec 2002 Australian Property market 'almost bizarre'
10 Dec 2002 Court win for building safety
10 Dec 2002 ACT Press Release: Flawed Income Related Rents Bill
10 Dec 2002 Calan apologies
09 Dec 2002 Big changes at AMPH
09 Dec 2002 News Round Up
09 Dec 2002 Stevens leaves ASFONZ
08 Dec 2002 More mansions sold
06 Dec 2002 Tower chair attacks former ceo
06 Dec 2002 Sovereign launches a first
06 Dec 2002 Bridges burns Tower
05 Dec 2002 ANZ trains brokers
05 Dec 2002 Harvard Business Review Slams Cullen Super Fund
05 Dec 2002 Scobie joins Mercer
05 Dec 2002 Hong Kong: House prices dont always rise...
05 Dec 2002 Property Boom About To Cool Off
05 Dec 2002 Invercargill's rental housing shortage
05 Dec 2002 GSF performance OK'd
04 Dec 2002 Global gamble costs super fund $5000 per member
04 Dec 2002 Targeting Higher Net Worth Clients
04 Dec 2002 Three more Aust funds come to market
03 Dec 2002 Government Superannuation Fund Authority - Full report
03 Dec 2002 Funds Management World Australia 2002
03 Dec 2002 Market Review: NZ continues to be out of step
03 Dec 2002 BT adds hedge funds
03 Dec 2002 Mortgage Choice puts off listing
03 Dec 2002 Owen signs on again
03 Dec 2002 Women in Super
02 Dec 2002 CFA charter holders
02 Dec 2002 Adviserlink Introduction to Financial Planning
02 Dec 2002 News Round Up
November 2002
29 Nov 2002 Dakin heads Colonial Prop Fund
29 Nov 2002 Women finally reach parity with men in insurance
29 Nov 2002 Consumer still not happy with advisers
28 Nov 2002 Building Act Sound - Hunn Report
28 Nov 2002 Lord of the Rings sends house values soaring
28 Nov 2002 Gearing up for a risky shot at riches: Mary Holm
27 Nov 2002 Consents break 26 year record
27 Nov 2002 Public Trust profit promise (updated)
27 Nov 2002 Number of mortgage brokers falls
27 Nov 2002 Morningstar looks at its process
26 Nov 2002 NZers spend $19m in Gold Coast boom
26 Nov 2002 Sole resigns from Public Trust
25 Nov 2002 PSIS boss goes
25 Nov 2002 Leaky building lending
25 Nov 2002 News Round Up
23 Nov 2002 Prices rocket in city housing boom
22 Nov 2002 House Prices still strong
22 Nov 2002 Double dip chances fall
21 Nov 2002 Price still strong
21 Nov 2002 Holidaying On Your Investment Property
21 Nov 2002 Mortgage Rates Stable Until The End of 2003
21 Nov 2002 Urbus proposal succeeds
21 Nov 2002 Urbus proposal succeeds
20 Nov 2002 United Future welcomes Cullen superannuation move
20 Nov 2002 Good news for borrowers
20 Nov 2002 OCR unchanged
20 Nov 2002 Queen Street gets a makeover
20 Nov 2002 FPA Sydney
19 Nov 2002 BNZ appoints new relationship manager
19 Nov 2002 Adviserlink Essentials of Mortgage Broking
19 Nov 2002 Tower to keep trustee business
18 Nov 2002 All about registered valuations
18 Nov 2002 Fiona Judd named Planner of the Year
18 Nov 2002 A new laird for Whyte
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