Archive - 2020
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December 2020
31 Dec 2020 Getting to Know: Rob Everett
30 Dec 2020 Kiwi nears three-year high; NZX50 falls
29 Dec 2020 NZX50 soars as Meridian joins $20b club
29 Dec 2020 Property investor survey; The case for SME lending
29 Dec 2020 PROPERTY INVESTOR Survey - Please take part
29 Dec 2020 Access to capital is key to rebooting our small business economy
29 Dec 2020 Complaints are growing but that is good news says FSCL
27 Dec 2020 Crypto heading into the mainstream
25 Dec 2020 [The Wrap] Reflecting on a year of surprises
24 Dec 2020 Merry Christmas for the local stock market
23 Dec 2020 Records tumble as NZX50 cracks 13,000
23 Dec 2020 Renewables power to new highs
23 Dec 2020 FMA’s latest licence numbers show advisers are poised for change
22 Dec 2020 NZ shares outperform Asia as blue chips bounce back
22 Dec 2020 Is the housing market cooling off?
22 Dec 2020 Is the housing market cooling off?
21 Dec 2020 Covid resurgence slaps down kiwi dollar, NZ shares
21 Dec 2020 [The Wrap] What's the point of the FADC?
21 Dec 2020 Big banks say no to 40% investor deposits
21 Dec 2020 Big banks say no to 40% investor deposits
21 Dec 2020 Fine details of FSLAA revealed
21 Dec 2020 Select Wealth sticks with MMC
18 Dec 2020 Shares plummet as A2 shocks market
18 Dec 2020 How will 40% deposit requirements affect the market?
18 Dec 2020 How will 40% deposit requirements affect the market?
18 Dec 2020 Trail CRM to launch aggregator group
17 Dec 2020 NZ equities and dollar follow GDP higher
17 Dec 2020 Trail CRM to launch aggreggator group
17 Dec 2020 Partners snares BNZ Life
16 Dec 2020 Investors in a better mood and drive sharemarket higher
16 Dec 2020 Cigna’s adviser network strengthens with swathe of new appointments
16 Dec 2020 Effective vaccine, better earnings spur on markets
16 Dec 2020 Advisers react to ANZ investor decision; Bright outlook for non-banks
16 Dec 2020 Bright outlook for non-banks
16 Dec 2020 No appetite for PI any longer: compliance expert
15 Dec 2020 NZ shares fall as covid concerns investors
15 Dec 2020 Advisers react to ANZ's LVR decision
15 Dec 2020 MMC to launch new client investor experience
15 Dec 2020 ANZ gets tough on investors
15 Dec 2020 ANZ gets tough on investors
15 Dec 2020 FMA sets expectations for issuers of ‘green’ and ‘responsible’ funds
14 Dec 2020 NZ shares fall from record
14 Dec 2020 Housing crisis a supply issue
14 Dec 2020 New adviser aboard Mortgage Express
14 Dec 2020 Top 10 investment lessons
14 Dec 2020 Reserve Bank asks for DTIs
13 Dec 2020 Adviser appears before FADC on record keeping charges
12 Dec 2020 [The Wrap] Industry blindsided by PI decision
11 Dec 2020 F&P Healthcare rises while energy stocks fall
11 Dec 2020 Reserve Bank asks for DTIs
11 Dec 2020 Business lending boost in 2021?
11 Dec 2020 Business lending boost in 2021?
11 Dec 2020 FMA issues formal warning for market manipulation
10 Dec 2020 Sharemarket rally pauses, but good gains for some stocks
10 Dec 2020 NZX launch new regulatory agency: NZ RegCo
10 Dec 2020 Why is it so hard to build a home?
10 Dec 2020 Development loans fall
10 Dec 2020 OPINION: Why doing good is good for business
10 Dec 2020 FMA: Advisers without PI should 'take the bull by the horns'
09 Dec 2020 Infratil surge pushes NZX to new record
09 Dec 2020 Mortgage advisers against bright-line test extension
09 Dec 2020 SHARE outlines growth plans
09 Dec 2020 SHARE outlines growth plans
09 Dec 2020 PI cover in doubt for small adviser firms
08 Dec 2020 NZ shares caught in global hunt for clean energy
08 Dec 2020 Renewable electricity news drives NZX 50 move
08 Dec 2020 Advisers slowly warming to Partner’s Customer Outcome Matrix
08 Dec 2020 Fidelity Life and Sharecare part company
08 Dec 2020 Why the housing market won't cool
08 Dec 2020 NZX's wrap platform tops $7 billion
07 Dec 2020 New initiative sees travel brokers retain as insurance advisers
07 Dec 2020 Advisers against bright-line test extension
07 Dec 2020 New guard to helm Perpetual Guardian Group
07 Dec 2020 Advisers against bright-line test extension
07 Dec 2020 Are model portfolios an idea that is transferable to insurance?
06 Dec 2020 Travel agents get their financial advice wings
04 Dec 2020 NZX 50 falls as investors get ready for summer
04 Dec 2020 Good Returns Fund Manager of the Year 2020 winners announced
04 Dec 2020 'Bullying' banking conduct
04 Dec 2020 OPINION: Wholesale investor regime no loophole
04 Dec 2020 Charge of the lite (advice) brigade
04 Dec 2020 Jeff Royle and Resimac team up for investor loans
04 Dec 2020 Data security: What advisers need to know
03 Dec 2020 Listed exporters hurting from sky high kiwi
03 Dec 2020 Jeff Royle and Resimac team up for investor loans
03 Dec 2020 BNZ warned over responsible lending; Mike Pero Mortgages hires
03 Dec 2020 Mike Pero Mortgages makes new hires
03 Dec 2020 Advice gap in stark relief
03 Dec 2020 Neglecting financial advice costs health and wealth
02 Dec 2020 NZ shares flat as strong kiwi saps rally
02 Dec 2020 Cigna announce double appointment to its board
02 Dec 2020 BNZ warned over responsible lending failings
02 Dec 2020 Australian report raises alarm over life insurance’s future
02 Dec 2020 Is a bright-line test extension imminent?; Calls to fix the housing market
02 Dec 2020 Is a bright-line test extension imminent?
02 Dec 2020 Time to stop the finger-pointing on housing
02 Dec 2020 Milford unveil KiwiSaver digital advice tools
01 Dec 2020 A2 Milk leads sharemarket decline
01 Dec 2020 Westpac changes OCR call; Mortgage Lab training and development hire
01 Dec 2020 Westpac changes OCR forecast
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
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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