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Last Article Uploaded: Friday, February 12th, 2:23PM
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Time to tackle issue of advice for less wealthy

Financial adviser Chris Lee says the industry needs to do more to cater to people who do not have a spare million to invest.

Friday, February 12th, 6:00AM  1 comment

His firm is now providing a new service designed to give them a better return than they get from having their money in the bank, without having their returns swallowed by fees.

Lee said growing compliance requirements made it hard for small firms to add value for their clients beyond the fees they had to charge to cover costs.

Bigger firms had reacted by saying they would not even bother with smaller clients, he said ...MORE»

Forum attendees agree changes needed

Thursday, February 11th, 6:00AM  3 comments

Ministry of Business, Innovation and Employment analysts have a raft of new feedback to consider on the Financial Advisers Act review.

MORE»

MBIE rates financial advice as a career

Wednesday, February 10th, 6:00AM  1 comment

Financial advice may be a career with good job prospects for young people because many in the industry are due to retire over the next decade, the Ministry for Business, Innovation and Employment says.

MORE»

Should fund managers invest in their own funds?

Would you buy clothes from a shop whose staff wouldn’t be seen wearing their own brand?  Or dine at a restaurant where the chef wouldn’t want to eat?  Would you think twice about investing in a company’s shares where the CEO doesn’t want to invest?   So how do you feel about investing in a fund where the portfolio manager chooses not to invest?

Tuesday, February 9th, 8:33AM

Reasons to invest

Why should a portfolio manager invest in the fund he or she manages?  The key argument is to align interests – you would reasonably expect a manager to care deeply about how a fund is run if a material amount of their own money is committed to it.  It is greater than the alignment from a performance fee or staff bonus – the portfolio manager has exactly the same experience as investors ...MORE»

Banks cut cash PIEs to half OCR

Tuesday, February 9th, 6:00AM

Low interest rates on offer from the four main banks’ cash PIE funds are likely just an indication of the tough times for people surviving on money in the bank, one commentator says.

MORE»

Banks cut cash PIEs to half OCR

Tuesday, February 9th, 6:00AM

Low interest rates on offer from the four main banks’ cash PIE funds are likely an indication of the tough times for people surviving on money in the bank, one commentator says.

MORE»

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Insurance Review Sponsored by: 

Advertising of soft-dollar tempters not a good look

Thursday, December 17th, 6:00AM

New Zealand’s insurance industry is focusing too much on soft commissions, which will not do anything to improve its standing in the eyes of consumers, it has been claimed. MORE»

Mortgage Centre Sponsored by: 

ASB reports record half

Wednesday, February 10th, 11:49AM

ASB has delivered a record half-year profit, backed by strong lending growth although competitive forces kept pressure on lending margins. MORE»

Insurance Centre Sponsored by: 

Peer cover a hard sell but new product planned

Friday, February 12th, 6:00AM

The founder of crowdfunded insurance provider Peercover is branching out into health cover. MORE»

Regulation Sponsored by: 

Worry code changes slipping under radar

Friday, February 5th, 6:00AM

There is concern that changes to the Code of Professional Conduct for Authorised Financial Advisers, due to take effect this year, may have slipped under the radar for AFAs amid the bigger review of the Financial Advisers Act. MORE»

People and Events Sponsored by: 

Mint adds analyst to its team

Tuesday, February 9th, 3:25PM

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Deposit Rates Sponsored by: 

Banks cut cash PIEs to half OCR

Tuesday, February 9th, 6:00AM

Low interest rates on offer from the four main banks’ cash PIE funds are likely just an indication of the tough times for people surviving on money in the bank, one commentator says. MORE»

KiwiSaver   

Milford passes $500m mark in KiwiSaver

Tuesday, February 9th, 1:17PM

Milford has amassed more than $500 million in its KiwiSaver funds. MORE»

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Latest Comments
  • Forum attendees agree changes needed
    “To add to my penultimate paragraph, I note the Code Committee in its submission on FAA Review, in pars 15ff, it attempts...”
    2 hours ago by Murray Weatherston
  • Forum attendees agree changes needed
    “Hi Murray I was not at the meeting on Wednesday but a close friend was. From what he told me my impression was that the...”
    2 hours ago by Tash
  • Forum attendees agree changes needed
    “Wake up Life general insurance and mortgage advisers This response is given in my pure personal capacity and does not...”
    7 hours ago by Murray Weatherston
  • MBIE rates financial advice as a career
    “I have been wondering when our role as advisers is going to be referred to as a profession. I see in this article MBIE appear...”
    8 hours ago by AFA Muggins
  • Time to tackle issue of advice for less wealthy
    “We help them get 5% or 6%....really? Is that net of fees and tax as compared to the 2%? Just what type of assets will these...”
    11 hours ago by MPT Heretic
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