Archive - 2012
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December 2012
31 Dec 2012 Why advisers should take notice of housing
31 Dec 2012 First-time buyers told: Start small
30 Dec 2012 Advisers offered opportunity to net life sales
28 Dec 2012 The KiwiSaver conundrum
28 Dec 2012 Rent jump for city homes
27 Dec 2012 Little for advisers in trans-Tasman portability
27 Dec 2012 Think about cashflow: NZPIF
24 Dec 2012 Two big events before Xmas
24 Dec 2012 What pushed your buttons this year?
24 Dec 2012 Mortgagee sales decline
24 Dec 2012 Forget the malls for Boxing Day bargains
21 Dec 2012 Interest rate predictions for 2013
21 Dec 2012 AM Best affirms Cigna rating
21 Dec 2012 Specials all but gone
21 Dec 2012 No nasty surprises for NZ QROPS
21 Dec 2012 Migration turns positive: Westpac
21 Dec 2012 Complete our survey and win
20 Dec 2012 OnePath says sayonara to sign-off
20 Dec 2012 Complete our survey and win
20 Dec 2012 Low-end investors missing out on advice
20 Dec 2012 Boom not just Auckland: ANZ
20 Dec 2012 GST changes clear up bach rules
19 Dec 2012 One lender shuts up shop
19 Dec 2012 Landlord Tribunal experiences surveyed
18 Dec 2012 AFAs unhappy with regulation
18 Dec 2012 From China for Super Fund
18 Dec 2012 Home loan market too hot for Public Trust
18 Dec 2012 $60m settlement in Credit Sails debacle
18 Dec 2012 Landlords reminded of holiday requirements
18 Dec 2012 Free seminars for landlords
18 Dec 2012 Extra care needed when purchasing apartments
17 Dec 2012 Heartland becomes a bank
17 Dec 2012 Charging fees in risk advice
17 Dec 2012 NZ's newest bank
17 Dec 2012 Ross investors claim FMA ‘conflict of interest’
17 Dec 2012 Kiwibank cuts long; ANZ special gone
17 Dec 2012 Rates round-up: December 17
17 Dec 2012 AIA adds COO
17 Dec 2012 Harcourts reports strong sales lift
17 Dec 2012 Second developer sentenced to home detention
14 Dec 2012 OnePath records 500k members
14 Dec 2012 Mortgage fraudster sent to jail
14 Dec 2012 Coplestone goes Batty
14 Dec 2012 [Weekly Wrap] This week has been about clauses not Santa Claus
14 Dec 2012 Call for more prescriptive adviser regulation
14 Dec 2012 Reporting rules simplified: Dunne
14 Dec 2012 Market cooling: BNZ/REINZ survey
13 Dec 2012 NZ Home Loans cracks a record
13 Dec 2012 NZ Home Loans hits $1 bill mark
13 Dec 2012 Fate of exempted AFAs undecided
13 Dec 2012 Hamilton market strengthening: Agency
13 Dec 2012 Australian buyers keen on Kiwi apartments
12 Dec 2012 Avanti Finance fined $15,000
12 Dec 2012 Cullen calls for major KiwiSaver changes
12 Dec 2012 More discussion on fund managers
12 Dec 2012 Ex-adviser jailed for six years for fraud
12 Dec 2012 Earthquake proposals
11 Dec 2012 Madoff whistle blower visiting NZ
11 Dec 2012 Blame flies in AMP adviser dispute
11 Dec 2012 Auckland prices 10% above last peak: QV
11 Dec 2012 Tools must be deployed with caution
11 Dec 2012 Strongest monthly sales volume in five years
10 Dec 2012 Harbour Monthly Commentary: Theme watch in investment markets
10 Dec 2012 Perpetual sale this week
10 Dec 2012 Less comeback for non-adviser Ross referrals
10 Dec 2012 Fixing good value: Westpac
07 Dec 2012 NZ Super Fund scoops award
07 Dec 2012 [Weekly Wrap] More questions about Ross
07 Dec 2012 FSC committee to probe ‘viability’ of adviser distribution
07 Dec 2012 What we learnt about interest rates yesterday
07 Dec 2012 High-rise apartment buildings in Govt sights
07 Dec 2012 Dumb lending caused bubble: RE/Max chief
07 Dec 2012 Auckland sellers get close to asking price
06 Dec 2012 RBNZ talks about new tools
06 Dec 2012 The OCR ain't going anywhere
06 Dec 2012 No OCR cut on horizon
06 Dec 2012 OCR unchanged
06 Dec 2012 Advisers in the gun over Ross investments
06 Dec 2012 Wheeler says appropriate to keep OCR at 2.50%
06 Dec 2012 Ross Asset Management in liquidation
06 Dec 2012 OCR announcement 'good news for borrowers'
05 Dec 2012 How profitable are our banks really?
05 Dec 2012 Ross exempt from ‘most demanding’ AFA standard
05 Dec 2012 Housing market strengthening: Westpac
05 Dec 2012 New record house price for Auckland
04 Dec 2012 The top stock picks for next year
04 Dec 2012 Wheeler denies bank bias
04 Dec 2012 Online KiwiSaver site back again
04 Dec 2012 TOWER Health sale done
04 Dec 2012 More houses needed
04 Dec 2012 Ross liquidation continues
04 Dec 2012 Flawed strategy from commentator
03 Dec 2012 Tyndall Monthly Commentary:Looking beyond the fiscal cliff
03 Dec 2012 The problem with decumulation products
03 Dec 2012 What's your supermarket special to clients?
03 Dec 2012 Aging tipped to hit regional house prices
03 Dec 2012 Not enough new listings: Realestate.co.nz
02 Dec 2012 Ross's disclosure document
November 2012
30 Nov 2012 BT on the hunt for CIO
30 Nov 2012 What will happen to interest rates next week?
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