Archive - 2023
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December 2023
31 Dec 2023 Coming into land in 2024
29 Dec 2023 5th worst year for NZX50 in 15 years
29 Dec 2023 NZ sharemarket looking to end the year up, despite soft retail data
23 Dec 2023 Wishing you the best
22 Dec 2023 Market closes on sour note from Synlait Milk
22 Dec 2023 Paul Gregory to leave FMA
22 Dec 2023 Three risks we are thinking about for 2024
21 Dec 2023 End-of-year rally for shares continues
21 Dec 2023 Big shake up at NZFSG
21 Dec 2023 Christmas cheer?
21 Dec 2023 Will the 60/40 classic portfolio return to form in 2024?
20 Dec 2023 NZ sharemarket dips in wake of govt announcements
20 Dec 2023 Orr fronts up to new Govt: TMM Conference tickets available
20 Dec 2023 FSC cancels major conference
20 Dec 2023 RBNZ: record immigration may mean rates stay high for longer
20 Dec 2023 Liberty sells real estate business
20 Dec 2023 [GRTV] Three to four fund sweet spot with multi manager KiwiSaver
20 Dec 2023 PGI switches unit holders to climate-indexed approach
19 Dec 2023 NZ sharemarket firms ahead of mini-budget and economic update
19 Dec 2023 Jarden views investment banking and wealth management as “a dis-synergy”
19 Dec 2023 No waiting – OCR cuts expected next year
18 Dec 2023 NZ sharemarket listless on light trade
18 Dec 2023 Fisher Funds partners with NZX Wealth Technologies
18 Dec 2023 Finsure plans an aggressive pitch for NZ mortgage advisers
18 Dec 2023 Listings surge and prices up
18 Dec 2023 New currency-hedged ethical fund from Betashares
18 Dec 2023 Finsure plans an aggressive pitch for NZ mortgage advisers in 2024
15 Dec 2023 NZ sharemarket flat but more than $300m changes hands
15 Dec 2023 Ex-mortgage adviser pleads guilty to further dishonesty offences
15 Dec 2023 Former mortgage adviser pleads guilty to further dishonesty offences
15 Dec 2023 Big payday coming for Harbour on top of FirstCape merger
14 Dec 2023 NZ sharemarket reaches 14 week high
14 Dec 2023 New Zealand GDP in reverse, OCR cuts may dominate next year
14 Dec 2023 OCR rates cuts should dominate next year
14 Dec 2023 Christchurch FAP cops criticism from the FMA
14 Dec 2023 Jarden, NAB form FirstCape including Harbour
14 Dec 2023 Listed companies beef up retail investor relations with new portal
13 Dec 2023 NZ sharemarket rises as Auckland airport shares lift off
13 Dec 2023 Stress on mortgage advisers high
13 Dec 2023 Mortgage advisers more stressed that others
13 Dec 2023 Mounting migration means more demand and pressure
13 Dec 2023 Partners names new CEO to replace Naomi Ballantyne
13 Dec 2023 Asteron sees good growth in employee insurance segment
13 Dec 2023 Housing market still at a low ebb despite lift in sales
13 Dec 2023 BIG to govt: the FMA should redirect focus to high-risk areas
12 Dec 2023 Shares dip as investors await US data
12 Dec 2023 Debt-to-income still in the melting pot
12 Dec 2023 Southern Cross fills sales role
12 Dec 2023 Advisers' mental health improves but still concerning
12 Dec 2023 DTIs still in the melting pot
12 Dec 2023 Bond funds added to Kernel suite
11 Dec 2023 NZ sharemarket slips as Rakon shares rocket
11 Dec 2023 Animal spirits - global stock markets have closed out their best month in several years, but can the rally continue?
11 Dec 2023 Platinum appoints new chief executive
11 Dec 2023 Hugh Stevens buys the iSelect Uk pensions advice business
11 Dec 2023 Permanent stop order made against financial adviser
11 Dec 2023 Emotional harm award to tenant after power and water cut off
09 Dec 2023 [OPINION] What I would like to see in 2024
08 Dec 2023 NZ sharemarket closes the week flat
08 Dec 2023 ChatGPT, the Magnificent Seven, Ozempic, and Higher-for-longer
08 Dec 2023 Squeeze on all over the economy
08 Dec 2023 Lindsay learns the benefits and pitfalls of the product he sold for 52 years the hard way
08 Dec 2023 Shuttered FAP owes around $8 million
07 Dec 2023 NZ sharemarket lifts into positive territory for the year
07 Dec 2023 Haakie to move on
07 Dec 2023 Apartment market takes a dive
06 Dec 2023 NZ sharemarket close to wiping out its deficit for the year
06 Dec 2023 Kelvin Davidson takes a deep dive into the mortgage market stats
06 Dec 2023 Ten things to know about mortgage debt
06 Dec 2023 [GRTV] Get the country’s under insurance back on the agenda
06 Dec 2023 Auckland housing market rebounding
06 Dec 2023 Most of the NZX 50 now links top exec pay to ESG
05 Dec 2023 NZ shares drift as Aussie central bank holds rates while talking tough
05 Dec 2023 ANZ names new CIO
05 Dec 2023 Forsyth Barr buys Hobson Wealth to create $30b in funds under advice
05 Dec 2023 Mostly passive AMP Wealth gets active with climate impact fund
05 Dec 2023 More new high growth funds launched
05 Dec 2023 RBNZ tough talk questioned: Give us a breather FANZ says
05 Dec 2023 Financial Advice NZ wants new govt to give advisers a breather
05 Dec 2023 Market doesn't believe RBNZ's tough talk
05 Dec 2023 Tenant left with damages bill despite not being responsible
04 Dec 2023 NZ sharemarket flat as index newcomers shine
04 Dec 2023 NZ Super Fund appoints acting CEO
04 Dec 2023 Interest-only loans spurned as mortgage arrears increase
04 Dec 2023 Private landlords should be included in bill – Property Brokers
01 Dec 2023 Asteron Life takes out top gong for 4th time
01 Dec 2023 NZ sharemarket ends first day of summer on a positive note
01 Dec 2023 Sustainable investment grows down under
01 Dec 2023 Lessons Charlie Munger taught businesses
01 Dec 2023 OCR assumptions don’t add up
November 2023
30 Nov 2023 NZ sharemarket rallies with $670m turnover on index changes
30 Nov 2023 RBNZ dashes hope of 2024 interest rate cut; Record immigration to blame
30 Nov 2023 Too expensive and wrong – new property manager regulations needed
30 Nov 2023 Record immigration to blame for rates staying higher for longer: RBNZ
29 Nov 2023 Reserve Bank casts shadow over NZ sharemarket
29 Nov 2023 RBNZ dashes hope of 2024 interest rate cut
29 Nov 2023 BREAKING: OCR held, but comes with a warning
29 Nov 2023 OCR held, but comes with a warning
29 Nov 2023 Remove CCCFA red tape
29 Nov 2023 Mortgage lending should be removed from CCCFA
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
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NZX aims for 5% of KiwiSaver market in three-to-five years
NZX aims for 5% of KiwiSaver market in three-to-five years
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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
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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