Archive - 2017
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December 2017
29 Dec 2017 2017: The year in review
28 Dec 2017 Consilium reports super-charged growth
27 Dec 2017 Listed property trusts uncovered
27 Dec 2017 Financial Advice NZ acknowledges frustrations
22 Dec 2017 NZX appoints new funds management boss
22 Dec 2017 Changes to unsecured masonry repair initiative
22 Dec 2017 Mortgage lending bounces back up
22 Dec 2017 Partner Life appoints GM of brand and marketing
22 Dec 2017 2018 brings challenges for fund managers
21 Dec 2017 Pre-Xmas housing policy rush
21 Dec 2017 ANZ plan to sell UDC Finance stalled
21 Dec 2017 Savers may be better off with govt fund: Treasury
21 Dec 2017 ANZ adjusts deposit requirements
20 Dec 2017 FSLAB submissions sought
20 Dec 2017 Migration flow plateaus
20 Dec 2017 Fast track for foreign buyers ban
19 Dec 2017 Partners makes high-profile board appointment
19 Dec 2017 2017 and 2018: recap and outlook
19 Dec 2017 Rents shoot up due to limited stock
19 Dec 2017 Future of financial services
19 Dec 2017 More consultation on Minister's to-do list
18 Dec 2017 ANZ Investments' profit drop
18 Dec 2017 NZ Super Fund excludes marijuana
18 Dec 2017 Inescapable impact of credit cards
18 Dec 2017 Brash joins advice group board
18 Dec 2017 Boarding house business success
18 Dec 2017 KiwiFund could have unfair advantage
15 Dec 2017 New ASB boss appointed
15 Dec 2017 Getting to Know: Paul Sewell
15 Dec 2017 KiwiSaver should invest more in NZ: Gaynor
14 Dec 2017 KiwiFund moves closer
14 Dec 2017 Non-bank sector booming
14 Dec 2017 Refund for TSB break fees miscalculation customers
14 Dec 2017 Foreign buyers ban bill hits Parliament
14 Dec 2017 Law changes look like Aussie model: Stewart
13 Dec 2017 Spring sales lift comes through
13 Dec 2017 Dealer groups prepare for legislation change
12 Dec 2017 Hanover investors sought
12 Dec 2017 nib gets tick
12 Dec 2017 Post-election bounce back
12 Dec 2017 Nearing an end to the NZ Goldilocks?
12 Dec 2017 KiwiSaver tax breaks mooted
12 Dec 2017 Focus on financial crime
12 Dec 2017 Financial Advice NZ recruiting
11 Dec 2017 New RBNZ Governor announced
11 Dec 2017 Limited impact from foreign buyer ban - REINZ
11 Dec 2017 Unlock wealth: ditch your day job
11 Dec 2017 FMA preparing for advice changes
08 Dec 2017 FMA loses newish senior manager to Pie Funds
08 Dec 2017 Rental WoF schemes spread
08 Dec 2017 SHARE adds marketing and technology focus
08 Dec 2017 The Wrap: Bill gets yes, PAA gets no
08 Dec 2017 Stars align for Constellation Capital
08 Dec 2017 Ups and downs to end the week
07 Dec 2017 It's real; Financial adviser reforms are go
07 Dec 2017 Fisher and Barratt offer advisers The Answers
07 Dec 2017 Return to market stability
07 Dec 2017 FSC suffers financial blow but integration on cards
07 Dec 2017 Few takers for advice - but retirees rue missed opportunity
06 Dec 2017 Nikko plots KiwiSaver launch
05 Dec 2017 Inflation problem for RBNZ
05 Dec 2017 Debenture funding down at UDC
05 Dec 2017 Hesitancy colours Auckland market
05 Dec 2017 HIV, AIDS and Insurance
05 Dec 2017 No bite in bank ad complaint
05 Dec 2017 Policymakers and asset prices: an even bigger moral hazard?
05 Dec 2017 Mortgage Link appoints National Sales manager
05 Dec 2017 Top 10 predictions for 2018 - Colliers
05 Dec 2017 PAA gets 'no' vote
04 Dec 2017 Upping the tenant screening ante
04 Dec 2017 LVR changes won’t prompt market frenzy
04 Dec 2017 Revealing stats from specialist lender
04 Dec 2017 AMP Capital sees strong demand for passive funds
04 Dec 2017 A capital investment
04 Dec 2017 Westpac ups rental income allowance
04 Dec 2017 FSLAB gets promotion
04 Dec 2017 Gannon steps down from Newpark
01 Dec 2017 RESIMAC turns five
01 Dec 2017 Big jump in new listings
01 Dec 2017 Westpac makes a little change
01 Dec 2017 Working group outlines new code's principles
November 2017
30 Nov 2017 Healthy Homes now law
30 Nov 2017 Apartment consents slump
30 Nov 2017 LVR loosening not enough
30 Nov 2017 Advice bill faces year-long delay
29 Nov 2017 DTI proposal on hold
29 Nov 2017 LVR easing sooner than expected
29 Nov 2017 RBNZ to ease LVR restrictions
29 Nov 2017 Innovation 'not just digital'
29 Nov 2017 DIMS advisers face uncertainty... again
28 Nov 2017 LVR speculation rife ahead of FSR
28 Nov 2017 Capital leaky home case clears last hurdle
28 Nov 2017 FMA tool ignites fee debate
27 Nov 2017 Bye bye Samoa: Hello Sharon
27 Nov 2017 ANZ names new chief economist
27 Nov 2017 Simplicity lists on platforms
27 Nov 2017 Summer’s top sale methods
27 Nov 2017 Super cheap Boom
27 Nov 2017 Adviser explores what it will take to engage consumers
27 Nov 2017 Under review: NZ housing
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